How's That Recovery Comin?

[jms62]

Looks like a full court press to get re-elected as strategic oil reserves are released to manipulate the oil markets. Hope we dont need them for real someday.

[otisotisotis]

Originally Posted by jms62

Looks like a full court press to get re-elected as strategic oil reserves are released to manipulate the oil markets. Hope we dont need them for real someday.

Don't worry about that. We'll just have the Fed print more
and something I learned recently that really throws a wrench into guessing how this plays out......the Chinese govt. actually sets their own exchange rate, so there is really now accurate guage what their currency is worth....hmmmm

[hi_im_god]

Originally Posted by otisotisotis

Don't worry about that. We'll just have the Fed print more
and something I learned recently that really throws a wrench into guessing how this plays out......the Chinese govt. actually sets their own exchange rate, so there is really now accurate guage what their currency is worth...hmmmm

it's undervalued.

[otisotisotis]

Originally Posted by hi_im_god

it's undervalued.

that seems to be the consensus...however, with worker's wages on the upswing it won't be long before Corporate America begins to abuse Central American labor.
How will they react to that knowing the debt they hold over average Joe America?

[hi_im_god]

Originally Posted by otisotisotis

that seems to be the consensus...however, with worker's wages on the upswing it won't be long before Corporate America begins to abuse Central American labor.
How will they react to that knowing the debt they hold over average Joe America?

i'm not really sure where you're going with this.

china built an export economy at least partially on the basis of keeping the yuan undervalued. we've been kicking about that for years so i'm surprised it was news to you.

china's massive holding's of american sovereign debt is more of a problem for them than us. what exactly are they supposed to do to punish us? if they sell off, they crash their own economy. it's mutually assured destruction.

[randallscott35]

No Yobs http://www.usnews.com/opinion/mzucke...oks_print.html

[jms62]

Originally Posted by randallscott35

No Yobs http://www.usnews.com/opinion/mzucke...oks_print.html

It is so ****ing simple what the problem is and all they do is scratch their nuts and are preplexed that hiring hasnt come back like it has in the past. In the past there was no concept of outsourcing or importing labor that then applies for Green cards and stays inflating your labor pool. In the past ALL manufacturing wasn't done overseas like most is now. The powers that be ship jobs and sit around and wonder why no one is buying any of their products. And even a bigger problem is the ****ing criminal pols that cant comprehend this basic ****ing problem whilst they take their bribes... er donations from those causing the problem.