consequence of the Devalued dollar

[Gary Allan]

I figured you dealt with power production

It's one of the few applications where you have virtually "dry steam" (as in 99.9%+/- water free).



Gosh you've gotta love the information age!!!

[ February 01, 2004, 04:32 AM: Message edited by: Gary Allan ]

 

[Shannow]

Come on down and we'll take a tour of my 3.2 million horsepower !!

 

[Drew99GT]

quote:

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Originally posted by DockHoliday:
While I agree that we are importing too much these days (er, China, Taiwan, etc..), I have am starting to not trust the US trade deficit numbers. Why? Because every year of my life I have heard on the news that we are running a huge trade deficit. If this were true for so long, our economy would be lousy.

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The reason we are able to keep having a huge trade defecit, is there has been even more demand for dollars so foreign investors can buy US assets. We run a current account defecit, but we also run a capitol account surplus, even more so with these ballooning budget defecits.

 

[Shannow]

Drew,
hasn't there also been a big push for reserves of the Euro, fueled by countries thinking of selling oil in Euros ?

 

[msparks]

Just found this on Yahoo

quote:

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WASHINGTON, Feb 5 (Reuters) - Federal Reserve Board Governor Ben Bernanke said on Thursday that the drop in the dollar's value on foreign exchange markets would help cut the U.S. trade deficit, and was not sparking higher prices.
"The dollar has come down and I think that will pass through over time to a strengthening of our export markets and will help us recover some of this trade deficit that we have been facing," he told the South Carolina Association of Investment Professionals Economic Forecasting luncheon in Columbia, South Carolina.

"So it is important in that respect... Again, I think that its direct impact on inflation is going to be modest," he said.

The dollar has lost around nine percent on a trade weighted basis since last September. European exporters complain that this is hurting their business and want the Group of Seven club of rich nations, meeting Friday and Saturday in Florida, to do something about it.

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[Al]

What are we gonna export??Hamburgers, fast food, Walmart stores???

 

[wulimaster]

quote:

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Originally posted by Al:
What are we gonna export??Hamburgers, fast food, Walmart stores???

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I believe all the stuff that we have made in China and then shipped to foreign countries gets counted as exports. But you are probably right. Most of what we export isn't made here except food and maybe raw materials. Oh, I forgot scrap steel.

 

[Shannow]

I understand that the U.S. produces about 1/6 of all the food exports of the world.

The devalued dollar is certainly helping your rural economy.

 

[GROUCHO MARX]

Shannow, the government actually pays farmers not to grow foods to support the price. We've got excess capacity to feed more of the world.

Man does not live by oil alone!

 

[novadude]

quote:

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What are we gonna export??Hamburgers, fast food, Walmart stores???

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LMAO!!!!

That would be **** funny if it were not so true.

 

[carrera79]

Don't worry. the devalued dollar is good right now. There is a HUGE market for US treasuries abroad and in the US. Asian markets are continuing to buy large amounts as are fund managers in the US. Currently treasury yields are sitting around 4.1% and there has been little pressure on them to yield. I'd expect this to change later this year.

 

[Gary Allan]

quote:

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What are we gonna export??Hamburgers, fast food, Walmart stores???

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How 'bout intellectual property? Ever see that "not approved for export" on your MS and other software packages? Those $$$ count just as much in our export figures. The US has a unique status as having the vast lions share of this market. Add movies and music to the list. Although they tend to be pirated quite easily.