Loading ...I’m thinking they had better start pushing the dollar back DOWN, because it was the LOWER dollar that helped the USA do better.
A higher dollar will undo all the good that was accomplished, and hurt our various producing and exporting businesses massive investments as the dollar was lowered to get prices higher for them to glean profits. On the other side consumers pay more for gasoline food etc.
Bottom line.
Higher dollar helps US consumers, lower dollar helps US businesses and profits.
Higher dollar helps foreign nations hurts USA. Lower dollar helps USA, hurts foreign nations.
Who’s turn is it next? 🙂 The UN will decide, like the Iran deal. Congress and US presidents are useless subservient to a world gov’t. Note WWI WWII Korea, Vietnam etc. Those problems were not actually our problems but probably more like big global businesses problems.
Another thing…
Seems like the Dow can’t make up its mind Denson. 18,000 plus last week, and 17,553 today?
Oil $48? and it was ..
$2 in 71
$42 back in 1979,
$18 in ’98,
$140 in ’08,
$35 in ’09, and $100 recently.
No stability, no clear trends lately. The economy is mentally ill, on drugs, or simply drunk. All prices are PHONY. FAKE.