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Old 01-23-2008, 07:28 AM   #1
Dan

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Could this be a reason why the dollar is weak?

are we having an economic warfare with china? are we telling china: "go e'ff yourself, you don't own our dollar, we do! we can lower it so much those bonds means nothing."

the trigger of a serious weakening dollar started around 6.07:
http://www.telegraph.co.uk/money/mai...cnchina105.xml

then...
http://www.telegraph.co.uk/money/mai...nchina107a.xml


2 articles relating to this:
http://www.currencytrading.net/2007/...lar-on-a-whim/

http://www.atimes.com/atimes/China_B.../IL14Cb01.html


i see nothing but a downward spiral for sometime for the US economy.
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Old 01-23-2008, 10:42 AM   #2
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Interesting articles. We could be saying that. China's bussiness owners will move their manufacturing facilities to Idia, Indonesia, Central and south America in order to keep their costs down especially since we are the main importer of their products.
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Old 01-23-2008, 10:55 AM   #3
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and that US Economy will go into recession is a known prediction... too bad
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Old 01-23-2008, 11:25 AM   #4
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and that US Economy will go into recession is a known prediction... too bad
INTO a recession?? we're already there.

i'm sayin' we're going into a long long term recession though they said it'll never get into a depression but i wonder....

the ONLY hope i can foresee is if the baby boomers all of a sudden died and the job market becomes deperate to fill in the void. the only problem is we're going to have less "better qualified" people to fill in these positions.
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Old 01-23-2008, 03:50 PM   #5
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You know what's wrong with the economy? I'll tell what's wrong we are outsourcing too many jobs and buying to much from other countries. Almost everything that we buy here in America is made somewhere else. If we just starting producing things like cell phones and computers and other things here, other countries would be forced to buy from us but there is one drawback and that is that products made here would be more expensive than they are if we buy somthing from japan or china.
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Old 01-24-2008, 05:49 PM   #6
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^you have a point, but there is an argument for globilization that says at some point everything evens out any everyone is better. That said there are still the drawbacks to outsourcing and shifting production to other countries, mainly the loss of jobs in the US and that in many cases people need further training to find a new job. You need to realize that if China dumps their dollars that the whole world will be screwed because the US is such a huge part of the global economy. If china gradually dumps their dollars as they might be doing it will hurt us yes but it won't bring down the global economy. For a long Time china and other countries have helped to prop up the dollar by buying all the debt they could and now they aren't as willing to do so and that is in part causing the decline of the currency. Some economists will tell you that they think in the long run this revaluating of the dollar will be good and in theory it should make US goods cheaper and more attractive which will make them more viable to other countries and in theory more will be purchased at some point to help and rectify the situation. At the moment you also have the subprime mortgage issue going on and that isn't helping anything either.
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Old 01-24-2008, 05:59 PM   #7
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Originally Posted by MTurboPower3 View Post
You know what's wrong with the economy? I'll tell what's wrong we are outsourcing too many jobs and buying to much from other countries. Almost everything that we buy here in America is made somewhere else. If we just starting producing things like cell phones and computers and other things here, other countries would be forced to buy from us but there is one drawback and that is that products made here would be more expensive than they are if we buy somthing from japan or china.
have i ever told you i loved you? LOL. but i TOTALY agree with you. if we had more jobs in the US then maybe it wouldnt be such a pain the ass for me to find a different job.
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