Home › Forums › Financial Markets/Economics › USA, the new low cost producer
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December 14, 2007 at 9:20 AM #117050December 14, 2007 at 10:10 AM #117081EconProfParticipant
BobS
Back to topic, there has been way too much doom and gloom about the dollar’s fall and the dire effects thereof. There are certain push-back factors that swing into play when our currency falls that are beneficial. They are already serving to help us and will increasingly cushion our economy in 2008. Among them:
1. Our labor costs get increasingly competitive (see above).
2. Our tourism becomes a bargain–bringing foreigners here and deterring us from vacationing abroad.
3. Our industrial rust belt bounces back–the signs are already showing up if one digs deep enough.
4. US-made products become a better bargain to US consumers relative to foreign made, and no, we haven’t forgotten how to make everything.A concept called “purchasing power parity” sums it all up–by asking what a basket of goods costs in each country in their currency. Also called the the Big Mac index. Surprise–the U.S. is a relative bargain. As the world slowly learns this, purchasing habits and investing trends will adjust, to our advantage.
December 14, 2007 at 10:10 AM #117095EconProfParticipantBobS
Back to topic, there has been way too much doom and gloom about the dollar’s fall and the dire effects thereof. There are certain push-back factors that swing into play when our currency falls that are beneficial. They are already serving to help us and will increasingly cushion our economy in 2008. Among them:
1. Our labor costs get increasingly competitive (see above).
2. Our tourism becomes a bargain–bringing foreigners here and deterring us from vacationing abroad.
3. Our industrial rust belt bounces back–the signs are already showing up if one digs deep enough.
4. US-made products become a better bargain to US consumers relative to foreign made, and no, we haven’t forgotten how to make everything.A concept called “purchasing power parity” sums it all up–by asking what a basket of goods costs in each country in their currency. Also called the the Big Mac index. Surprise–the U.S. is a relative bargain. As the world slowly learns this, purchasing habits and investing trends will adjust, to our advantage.
December 14, 2007 at 10:10 AM #117038EconProfParticipantBobS
Back to topic, there has been way too much doom and gloom about the dollar’s fall and the dire effects thereof. There are certain push-back factors that swing into play when our currency falls that are beneficial. They are already serving to help us and will increasingly cushion our economy in 2008. Among them:
1. Our labor costs get increasingly competitive (see above).
2. Our tourism becomes a bargain–bringing foreigners here and deterring us from vacationing abroad.
3. Our industrial rust belt bounces back–the signs are already showing up if one digs deep enough.
4. US-made products become a better bargain to US consumers relative to foreign made, and no, we haven’t forgotten how to make everything.A concept called “purchasing power parity” sums it all up–by asking what a basket of goods costs in each country in their currency. Also called the the Big Mac index. Surprise–the U.S. is a relative bargain. As the world slowly learns this, purchasing habits and investing trends will adjust, to our advantage.
December 14, 2007 at 10:10 AM #117004EconProfParticipantBobS
Back to topic, there has been way too much doom and gloom about the dollar’s fall and the dire effects thereof. There are certain push-back factors that swing into play when our currency falls that are beneficial. They are already serving to help us and will increasingly cushion our economy in 2008. Among them:
1. Our labor costs get increasingly competitive (see above).
2. Our tourism becomes a bargain–bringing foreigners here and deterring us from vacationing abroad.
3. Our industrial rust belt bounces back–the signs are already showing up if one digs deep enough.
4. US-made products become a better bargain to US consumers relative to foreign made, and no, we haven’t forgotten how to make everything.A concept called “purchasing power parity” sums it all up–by asking what a basket of goods costs in each country in their currency. Also called the the Big Mac index. Surprise–the U.S. is a relative bargain. As the world slowly learns this, purchasing habits and investing trends will adjust, to our advantage.
December 14, 2007 at 10:10 AM #116873EconProfParticipantBobS
Back to topic, there has been way too much doom and gloom about the dollar’s fall and the dire effects thereof. There are certain push-back factors that swing into play when our currency falls that are beneficial. They are already serving to help us and will increasingly cushion our economy in 2008. Among them:
1. Our labor costs get increasingly competitive (see above).
2. Our tourism becomes a bargain–bringing foreigners here and deterring us from vacationing abroad.
3. Our industrial rust belt bounces back–the signs are already showing up if one digs deep enough.
4. US-made products become a better bargain to US consumers relative to foreign made, and no, we haven’t forgotten how to make everything.A concept called “purchasing power parity” sums it all up–by asking what a basket of goods costs in each country in their currency. Also called the the Big Mac index. Surprise–the U.S. is a relative bargain. As the world slowly learns this, purchasing habits and investing trends will adjust, to our advantage.
December 14, 2007 at 10:43 AM #117057gold_dredger_phdParticipantBut, foreigners, please don’t buy our bonds. They are manufactured by the government. The same people that use gimmicky accounting that is not allowed by this same government in the private sector.
Products made by businesses should be a better bargain.
December 14, 2007 at 10:43 AM #116893gold_dredger_phdParticipantBut, foreigners, please don’t buy our bonds. They are manufactured by the government. The same people that use gimmicky accounting that is not allowed by this same government in the private sector.
Products made by businesses should be a better bargain.
December 14, 2007 at 10:43 AM #117024gold_dredger_phdParticipantBut, foreigners, please don’t buy our bonds. They are manufactured by the government. The same people that use gimmicky accounting that is not allowed by this same government in the private sector.
Products made by businesses should be a better bargain.
December 14, 2007 at 10:43 AM #117101gold_dredger_phdParticipantBut, foreigners, please don’t buy our bonds. They are manufactured by the government. The same people that use gimmicky accounting that is not allowed by this same government in the private sector.
Products made by businesses should be a better bargain.
December 14, 2007 at 10:43 AM #117116gold_dredger_phdParticipantBut, foreigners, please don’t buy our bonds. They are manufactured by the government. The same people that use gimmicky accounting that is not allowed by this same government in the private sector.
Products made by businesses should be a better bargain.
December 14, 2007 at 9:50 PM #117578jimmyleParticipantIraq war bonds will cost us 4 trillion dollars after it is over.
December 14, 2007 at 9:50 PM #117672jimmyleParticipantIraq war bonds will cost us 4 trillion dollars after it is over.
December 14, 2007 at 9:50 PM #117654jimmyleParticipantIraq war bonds will cost us 4 trillion dollars after it is over.
December 14, 2007 at 9:50 PM #117612jimmyleParticipantIraq war bonds will cost us 4 trillion dollars after it is over.
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