Home › Forums › Financial Markets/Economics › BUY AMERICAN (avoid that made in China)
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June 1, 2009 at 9:53 AM #408960June 1, 2009 at 9:55 AM #408269ArrayaParticipant
[quote=nostradamus][quote=jpinpb]Ahem… with the way our economy is, now would be a good time to be patriotic and buy American, or at least not Chinese.[/quote]
I’m not so sure about that. I don’t want lots of money to be kept in America. I want it to go away. The dollar may be stronger this way. We can either flood the US with dollars or we can spread them around the world. I don’t know if this makes sense.American companies will do whatever it takes to increase their profit margin, I understand this and don’t feel any particular favoritism/loyalty/patriotism or whatever. This is all marketing to emotions.
Foreign products are levied with taxes and tariffs and are still able to compete here. Von’s wouldn’t sell them if they didn’t get any profit from it.
Anyhow, it’s a worthwhile experiment, I just don’t think the outcome will be as you expect.[/quote]
Modifying buying habits to make your neighbors unemployed may not be the best idea to keep the currency strong. The strength of a currency is directly related to the ability of a country to pay it back. Besides you make enough people unemployed they will come after your money, one way or another
It’s not about patriotism is about pragmatism. Keep the people secure around you and you will be secure.
June 1, 2009 at 9:55 AM #408507ArrayaParticipant[quote=nostradamus][quote=jpinpb]Ahem… with the way our economy is, now would be a good time to be patriotic and buy American, or at least not Chinese.[/quote]
I’m not so sure about that. I don’t want lots of money to be kept in America. I want it to go away. The dollar may be stronger this way. We can either flood the US with dollars or we can spread them around the world. I don’t know if this makes sense.American companies will do whatever it takes to increase their profit margin, I understand this and don’t feel any particular favoritism/loyalty/patriotism or whatever. This is all marketing to emotions.
Foreign products are levied with taxes and tariffs and are still able to compete here. Von’s wouldn’t sell them if they didn’t get any profit from it.
Anyhow, it’s a worthwhile experiment, I just don’t think the outcome will be as you expect.[/quote]
Modifying buying habits to make your neighbors unemployed may not be the best idea to keep the currency strong. The strength of a currency is directly related to the ability of a country to pay it back. Besides you make enough people unemployed they will come after your money, one way or another
It’s not about patriotism is about pragmatism. Keep the people secure around you and you will be secure.
June 1, 2009 at 9:55 AM #408752ArrayaParticipant[quote=nostradamus][quote=jpinpb]Ahem… with the way our economy is, now would be a good time to be patriotic and buy American, or at least not Chinese.[/quote]
I’m not so sure about that. I don’t want lots of money to be kept in America. I want it to go away. The dollar may be stronger this way. We can either flood the US with dollars or we can spread them around the world. I don’t know if this makes sense.American companies will do whatever it takes to increase their profit margin, I understand this and don’t feel any particular favoritism/loyalty/patriotism or whatever. This is all marketing to emotions.
Foreign products are levied with taxes and tariffs and are still able to compete here. Von’s wouldn’t sell them if they didn’t get any profit from it.
Anyhow, it’s a worthwhile experiment, I just don’t think the outcome will be as you expect.[/quote]
Modifying buying habits to make your neighbors unemployed may not be the best idea to keep the currency strong. The strength of a currency is directly related to the ability of a country to pay it back. Besides you make enough people unemployed they will come after your money, one way or another
It’s not about patriotism is about pragmatism. Keep the people secure around you and you will be secure.
June 1, 2009 at 9:55 AM #408815ArrayaParticipant[quote=nostradamus][quote=jpinpb]Ahem… with the way our economy is, now would be a good time to be patriotic and buy American, or at least not Chinese.[/quote]
I’m not so sure about that. I don’t want lots of money to be kept in America. I want it to go away. The dollar may be stronger this way. We can either flood the US with dollars or we can spread them around the world. I don’t know if this makes sense.American companies will do whatever it takes to increase their profit margin, I understand this and don’t feel any particular favoritism/loyalty/patriotism or whatever. This is all marketing to emotions.
Foreign products are levied with taxes and tariffs and are still able to compete here. Von’s wouldn’t sell them if they didn’t get any profit from it.
Anyhow, it’s a worthwhile experiment, I just don’t think the outcome will be as you expect.[/quote]
Modifying buying habits to make your neighbors unemployed may not be the best idea to keep the currency strong. The strength of a currency is directly related to the ability of a country to pay it back. Besides you make enough people unemployed they will come after your money, one way or another
It’s not about patriotism is about pragmatism. Keep the people secure around you and you will be secure.
June 1, 2009 at 9:55 AM #408965ArrayaParticipant[quote=nostradamus][quote=jpinpb]Ahem… with the way our economy is, now would be a good time to be patriotic and buy American, or at least not Chinese.[/quote]
I’m not so sure about that. I don’t want lots of money to be kept in America. I want it to go away. The dollar may be stronger this way. We can either flood the US with dollars or we can spread them around the world. I don’t know if this makes sense.American companies will do whatever it takes to increase their profit margin, I understand this and don’t feel any particular favoritism/loyalty/patriotism or whatever. This is all marketing to emotions.
Foreign products are levied with taxes and tariffs and are still able to compete here. Von’s wouldn’t sell them if they didn’t get any profit from it.
Anyhow, it’s a worthwhile experiment, I just don’t think the outcome will be as you expect.[/quote]
Modifying buying habits to make your neighbors unemployed may not be the best idea to keep the currency strong. The strength of a currency is directly related to the ability of a country to pay it back. Besides you make enough people unemployed they will come after your money, one way or another
It’s not about patriotism is about pragmatism. Keep the people secure around you and you will be secure.
June 1, 2009 at 10:22 AM #408278jpinpbParticipantI emailed back the person who sent me the initial email and gave him some feedback via Piggs. This is what he had to say. Not going to be a middleman, but it’s some food for thought, I guess.
A strong currency (meaning, our dollar can buy more Euros, for instance) is mostly a matter of interest rates and perception – if the int rate is high, then countries (primarily, but also some of the enormous institutional invest co’s) will buy your treasuries, etc., b/c the rate of return is higher – that leads to a thought your currency should strengthen.
However, w/ stronger currency, your products can cost more overseas, but since we don’t export that much (b/c our industrial base is basically nil), then it’s a mute point).
If we become (or any nation) too indebted, then countries begin wondering if you’ll ever be able to pay it back, so even if the int rate were to increase (i.e. in today’s world), that might not be enough to bring investors in.
The Flip side to high int rates is that people have a hard time borrowing b/c then they have to pay the banks more $$, so that is a drawback
June 1, 2009 at 10:22 AM #408517jpinpbParticipantI emailed back the person who sent me the initial email and gave him some feedback via Piggs. This is what he had to say. Not going to be a middleman, but it’s some food for thought, I guess.
A strong currency (meaning, our dollar can buy more Euros, for instance) is mostly a matter of interest rates and perception – if the int rate is high, then countries (primarily, but also some of the enormous institutional invest co’s) will buy your treasuries, etc., b/c the rate of return is higher – that leads to a thought your currency should strengthen.
However, w/ stronger currency, your products can cost more overseas, but since we don’t export that much (b/c our industrial base is basically nil), then it’s a mute point).
If we become (or any nation) too indebted, then countries begin wondering if you’ll ever be able to pay it back, so even if the int rate were to increase (i.e. in today’s world), that might not be enough to bring investors in.
The Flip side to high int rates is that people have a hard time borrowing b/c then they have to pay the banks more $$, so that is a drawback
June 1, 2009 at 10:22 AM #408762jpinpbParticipantI emailed back the person who sent me the initial email and gave him some feedback via Piggs. This is what he had to say. Not going to be a middleman, but it’s some food for thought, I guess.
A strong currency (meaning, our dollar can buy more Euros, for instance) is mostly a matter of interest rates and perception – if the int rate is high, then countries (primarily, but also some of the enormous institutional invest co’s) will buy your treasuries, etc., b/c the rate of return is higher – that leads to a thought your currency should strengthen.
However, w/ stronger currency, your products can cost more overseas, but since we don’t export that much (b/c our industrial base is basically nil), then it’s a mute point).
If we become (or any nation) too indebted, then countries begin wondering if you’ll ever be able to pay it back, so even if the int rate were to increase (i.e. in today’s world), that might not be enough to bring investors in.
The Flip side to high int rates is that people have a hard time borrowing b/c then they have to pay the banks more $$, so that is a drawback
June 1, 2009 at 10:22 AM #408824jpinpbParticipantI emailed back the person who sent me the initial email and gave him some feedback via Piggs. This is what he had to say. Not going to be a middleman, but it’s some food for thought, I guess.
A strong currency (meaning, our dollar can buy more Euros, for instance) is mostly a matter of interest rates and perception – if the int rate is high, then countries (primarily, but also some of the enormous institutional invest co’s) will buy your treasuries, etc., b/c the rate of return is higher – that leads to a thought your currency should strengthen.
However, w/ stronger currency, your products can cost more overseas, but since we don’t export that much (b/c our industrial base is basically nil), then it’s a mute point).
If we become (or any nation) too indebted, then countries begin wondering if you’ll ever be able to pay it back, so even if the int rate were to increase (i.e. in today’s world), that might not be enough to bring investors in.
The Flip side to high int rates is that people have a hard time borrowing b/c then they have to pay the banks more $$, so that is a drawback
June 1, 2009 at 10:22 AM #408975jpinpbParticipantI emailed back the person who sent me the initial email and gave him some feedback via Piggs. This is what he had to say. Not going to be a middleman, but it’s some food for thought, I guess.
A strong currency (meaning, our dollar can buy more Euros, for instance) is mostly a matter of interest rates and perception – if the int rate is high, then countries (primarily, but also some of the enormous institutional invest co’s) will buy your treasuries, etc., b/c the rate of return is higher – that leads to a thought your currency should strengthen.
However, w/ stronger currency, your products can cost more overseas, but since we don’t export that much (b/c our industrial base is basically nil), then it’s a mute point).
If we become (or any nation) too indebted, then countries begin wondering if you’ll ever be able to pay it back, so even if the int rate were to increase (i.e. in today’s world), that might not be enough to bring investors in.
The Flip side to high int rates is that people have a hard time borrowing b/c then they have to pay the banks more $$, so that is a drawback
June 1, 2009 at 10:32 AM #408288nostradamusParticipantGood point arraya. Still, buying products from American companies doesn’t guarantee American jobs. My point is, American co’s will do whatever is best for their profit. If this means outsourcing or importing it will happen. It’s nice to think that we consumers have some control and power, but our gov. seems to be working against us at all costs.
Still, I think it’s a worthwhile experiment, but can’t shake the feeling that the days of “buy American” have already had their chance. In today’s economy, aren’t we seeing the results of how American companies do things when they’re in control?
June 1, 2009 at 10:32 AM #408526nostradamusParticipantGood point arraya. Still, buying products from American companies doesn’t guarantee American jobs. My point is, American co’s will do whatever is best for their profit. If this means outsourcing or importing it will happen. It’s nice to think that we consumers have some control and power, but our gov. seems to be working against us at all costs.
Still, I think it’s a worthwhile experiment, but can’t shake the feeling that the days of “buy American” have already had their chance. In today’s economy, aren’t we seeing the results of how American companies do things when they’re in control?
June 1, 2009 at 10:32 AM #408772nostradamusParticipantGood point arraya. Still, buying products from American companies doesn’t guarantee American jobs. My point is, American co’s will do whatever is best for their profit. If this means outsourcing or importing it will happen. It’s nice to think that we consumers have some control and power, but our gov. seems to be working against us at all costs.
Still, I think it’s a worthwhile experiment, but can’t shake the feeling that the days of “buy American” have already had their chance. In today’s economy, aren’t we seeing the results of how American companies do things when they’re in control?
June 1, 2009 at 10:32 AM #408833nostradamusParticipantGood point arraya. Still, buying products from American companies doesn’t guarantee American jobs. My point is, American co’s will do whatever is best for their profit. If this means outsourcing or importing it will happen. It’s nice to think that we consumers have some control and power, but our gov. seems to be working against us at all costs.
Still, I think it’s a worthwhile experiment, but can’t shake the feeling that the days of “buy American” have already had their chance. In today’s economy, aren’t we seeing the results of how American companies do things when they’re in control?
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