Discussion in 'Economy' started by Charles_Main, Jul 30, 2008.
US dollar jumps after jobs grow | smh.com.au
Source - read the full story here
My bad! I thought this meant they were actually "growing jobs" .... like in the dirt.
wouldn't that be neat
Or on trees. That would be great too .. but who would we get to 'pick them' lol
Why the illegals of course!!
Will never work. Why? Because then they could not get Medical
The dollar won't stregthen long term, without a severe reduction in governmental spending. In addition the dollar would be well served if the US was able to reduce it's trade deficit.
Well really we have to offer a reasonable interest rate on on our debt instruments for the dollar to have a substantial recovery. The Fed has managed to work itself into a corner by trying to create a 'soft landing" when instead they should have just let a lot of these banks who wallowed in their excess fail without bailout, take the bitter pill and move on
Exactly 300 billion dollars in possible bailouts doesn't improve the strength of the dollar. So we bailout corrupt lenders while the price of the dollar plummets, its idiotic.
Well I can't really disagree with that at all. We need to let these organizations that engaged in excessive behavior fail! No matter how much pain it causes. It teaches a lesson. Recessions are supposed to purge the weak. They are VITAL to economic vitality. When you subvert the cleansing mechanism you simple fail to teach the ignorant and short sighted the lessons they need to learn.
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