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2007-10-22 Home Front Economy

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Posted by 2007-10-22 10:28|| || Front Page|| [4 views ] Top

#1 Soros in the background?

Compare the government deficit as percentage of GDP with the Eurocurrencies and you'll understand what speculation means. Throw in unemployment and available critical natural resources, and you have to come to a conclusion that someone is starting to play games.

Posted by Procopius2k 2007-10-22 10:54|| 2007-10-22 10:54|| Front Page Top

#2 Trade deficit.
2006 = $764 billion
2007 = $720B (est)

There are not enough hard assets in the entire US for foreigners to buy so the deficit can continue. It means a falling dollar, rising prices and lower standard of living until consumption matches production.

Posted by ed 2007-10-22 11:10|| 2007-10-22 11:10|| Front Page Top

#3 Can't happen when all the national income generating jobs are outsourced.

Also, look at the immigrants where you work... do they buy American?

Posted by 3dc 2007-10-22 11:59|| 2007-10-22 11:59|| Front Page Top

#4 Let's see, American labor just cheaper. Considering American worker will perform for longer hours, take less holidays, are more adaptive to changes in the workplace, and in general rather than let envy make them angry [university humanities departments exempted] would rather work harder to attain similar compensation, where would you want to invest your money? Now you could play China, but the laws and endemic corruption is like playing Vegas or buying bonds in subprime housing loans. Its all risk management.

Posted by Procopius2k 2007-10-22 12:16|| 2007-10-22 12:16|| Front Page Top

#5 How many Zims is that in Euros now?

Posted by Phinater Thraviger 2007-10-22 12:20|| 2007-10-22 12:20|| Front Page Top

#6 This Congress and the President for years have been fiscally irresponsible. We cannot balance our budget, we finance deficits by issuing bonds. We have spent ourselves into the poorhouse.

Now we are in big debt and the value of our assets suck. No wonder that the dollar drops. Soros could help it along, but an irresponsible govt has got us into this real fiscally existential mess.

Posted by Alaska Paul">Alaska Paul 2007-10-22 18:26|| 2007-10-22 18:26|| Front Page Top

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