the US dollar is turning into toilet paper

[jaydub]

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my minimal understanding of the econmics of the US currency is that the dollar is getting killed because

the US imports more stuff then they export
the US has huge debts in dollars
the US gov spends more then it takes in


[/ QUOTE ]

KKF,

I value your opinions on thai manboys; however when it comes to monetary policy, I frankly find your commentary somewhat lacking. Perhaps in the future you might bother to include the Fed and interest rates in your analysis, their relevance is well, relevant.

Thanks for the post.

J

[imitation]

KKF yes this is really becoming more and more of a pain couple it with the extra juice that online places are charging to withdraw my money in the pocket has taken a large drop since 04.

[Banks2334]

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So good job with your reading comprehension and good job being a smart ass on the interent, idiot.

[/ QUOTE ]
Easy there Danny. Learn to laugh a little, you'll enjoy life a lot more that way.

[mason55]

of all the different parts of the American govt, the Fed is very near or at the top in terms of competency, which is a very good thing for our country long term. they're one of the few bits of govt where i would say "i trust them"

[jaydub]

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of all the different parts of the American govt, the Fed is very near or at the top in terms of competency, which is a very good thing for our country long term. they're one of the few bits of govt where i would say "i trust them"

[/ QUOTE ]

Your trust is not earned.

J

[DannyOcean_]

[ QUOTE ]
[ QUOTE ]


So good job with your reading comprehension and good job being a smart ass on the interent, idiot.

[/ QUOTE ]
Easy there Danny. Learn to laugh a little, you'll enjoy life a lot more that way.

[/ QUOTE ]

apologies. frustration from another entirely different matter. internet drama, lol.

[yad]

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LOL this is highly debatable/subjective. A few companies are doing very well, which is partly because the top 1% of the US is now more tied to international performance than to domestic performance. The vast majority of Americans have seen a decline in their "real income" (measured in cost of living) since around 1970.

[/ QUOTE ]

I don't believe this is true. Real GDP per capita has certainly increased since then. It's at 44,190 as of 2006, which is a bazillionty times higher than 1970 (roughly 5000 dollars? if you use total GDP/population).

Whatever 'cost of living' thing you looked at obv. isnt really telling the picture. I don't want to hijack the thread, but the US economy is fine and dandy.

[/ QUOTE ]

cbloom is actually right here. what you're missing is that although on average americans make more in cost-of-living adjusted terms than they did in 1970 (this is what your calculation correctly shows), this is because the very few richest people are way more richer now than they were then. the bottom 80% of income workers (that is, 4/5 of all americans) make less in cost-of-living adjusted terms than in 1970.

[steel108]

The strength of the US dollar is predicated on the Treasury

[DannyOcean_]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
LOL this is highly debatable/subjective. A few companies are doing very well, which is partly because the top 1% of the US is now more tied to international performance than to domestic performance. The vast majority of Americans have seen a decline in their "real income" (measured in cost of living) since around 1970.

[/ QUOTE ]

I don't believe this is true. Real GDP per capita has certainly increased since then. It's at 44,190 as of 2006, which is a bazillionty times higher than 1970 (roughly 5000 dollars? if you use total GDP/population).

Whatever 'cost of living' thing you looked at obv. isnt really telling the picture. I don't want to hijack the thread, but the US economy is fine and dandy.

[/ QUOTE ]

cbloom is actually right here. what you're missing is that although on average americans make more in cost-of-living adjusted terms than they did in 1970 (this is what your calculation correctly shows), this is because the very few richest people are way more richer now than they were then. the bottom 80% of income workers (that is, 4/5 of all americans) make less in cost-of-living adjusted terms than in 1970.

[/ QUOTE ]

Do you have the link to this?

[kyleb]

The U.S. economy is "good" if you define good to mean outstanding for business owners who are able to outsource most of their redundant and mind-numbing work to cheaper labor forces that do not unionize and/or demand high wages for relatively easy jobs (customer support, basic assembly line work, research, data entry, basic taxes, etc).

We are becoming more reliant on foreign labor sources and rightfully so - I have considering outsourcing much of the work that my small business deals with on a daily basis, and will most likely do that in the future.

American workers must now compete on a global scale, rather than a local/regional/national one; while the average American employee may possess better skills and a greater command of the English language, the foreign employee is significantly more productive, cheaper, and they are hungry to learn technological/scientific skills.

A great book on this is The World is Flat by Friedman.

It won't be long before many of the entry-level jobs in America are simply people manning terminals to export data overseas.