weswelker#83

SOURCE:
http://futures.tradingcharts.com/chart/US/M




US has lost 80% of its worldwide respect too

otis p. driftwood

How do you get "half" and where'd the "80%" thing come from?

Do some historical research. The dollar isn't far from where it was at the end of Clinton's second term...as we were sliding toward a slow down then too.

Ever heard of the business cycle, wes?

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MrBigglesWorth

i think you can blame clinton, greenspan as much as bush and cheney

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otis p. driftwood

Given the choice I'd blame Greenspan first. This whole idea of supressing the business cycle was his, and Clinton took the credit. GWB didn't want to rock the boat, but 9-11 happened and changed the world.

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weswelker#83

it's not my fault if you can NOT read a graph , if you go back to school , you will understand.
As measured against a basket of other falling currencies, yes it has lost 50%.

Measured against things that matter (such as essential commodities), the USD has lost more than 70% of its value in this short time. See charts here.

http://www.metastocktools.com/#USindex

I hope that you understand what commodities are ?

otis p. driftwood

Your cute little chart shows the high being under 120, and the current low being about 80.
Subtract 120 from 80 and you get what? 40.

And 50% of 120 is what? 60.

So based on your chart...your headline is wrong.

And you can't base it on a forex chart, wes.


BTW, have you figured out that "rep" means representative yet? There's going to be a quiz later, lying link boy!

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Patters

No, this was a conscious decision by the Bush administration. I don't know when we last had an administration that favored this approach.

A weak dollar boosts our economy by making our goods cheaper. We are sort of like China in this regard now. The middle class in most European countries, many Asian, and even some other countries are now richer than us when you translate their incomes into American dollars, so they come here and vacation and they buy American goods.

The danger is that this could cause inflation (as foreign goods, like oil, get more expensive). It could also destabilize the world economy as other countries start to find they are unable to compete price-wise with the US and China. To maintain their high standards of living they may be forced to leave the WTO. Under Republican administrations, I think our standard of living declines. Under Bush we've seen inflation and wage stagnation; under Reagan we saw more and more households becoming ones where both parents work. I think they call if family values.

otis p. driftwood

So it doesn't matter to you at all that Bill Clinton and Greenspan were the first to try to pervert the normal business cycle to keep the economy in a permanent state of growth with no corrections, huh? It's always Bush's fault, no matter what happens. Take a look at the historicals in wes' cute little chart, btw.

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weswelker#83

You seem confused like mccain who admits not understanding economics .


Thanks bush

otis p. driftwood

But I imagine you've got a PhD in economics, right?


I've never pretended to know a lot about it. I do know that 80 isn't half of 115 though.

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