Loading ...Re this one part:
“While the U.S. economy still isn’t growing as fast as it did before its 2007 plunge into the deepest contraction since the Great Depression, the outlook is more attractive when stacked against the increasing prospect of euro-area deflation, a Japanese recession and a China-led emerging-market slowdown. Bloomberg’s Dollar Spot Index has gained almost 10 percent since mid-year.”
Comment:
When I got to that part, I had to respond….If the Dollar keeps going up from here, for a year or more, we can safely bet the farm that the USA recovery has PEAKED, and recovery that started gradually after weak US high 2001 dollar peak, and more so after 2008 meltdown has ended.
You could look at all the other currency drops since June as a defensive agenda by them or self survival agenda, against the USA. If not?
Then you could assume the global powers dropped all the currencies against the dollar to help Europe Japan et al on purpose because they think the USA has had enough weak dollar stimulation, and can go into contraction for a while as the others recover with weak falling Euro Yen etc etc.
There is no way in hell that a stronger US Dollar is going to help the USA export or sell US made goods overseas. A strong dollar will only help foreign nations export, sell, their goods to the USA.
Bottom line. Strong Dollar. The USA will export wealth jobs and dollars, and at the same time, import cheap consumer products, import more poverty, and more immigrants.
I wonder who wrote that article?