Loading ...Hi Tom, so how’s business out there in my old manufacturing world??
STILL ON THE SLOW SIDE FOR US.
Me: TPTB have been raising the Dollar value since June ’14, straight up from 80 area to 100 area in June ’15. The “pain” reaction the economy “feels” comes 6-9 months later. Action/reaction. They may have started pushing dollar lower now since pain is showing up. Hopefully business will get better 6-9 months later after June ’15.
You are not alone. All energy, export related and commodity related businesses investors, and employees are hurting with the one year strong dollar adjustment. Intended to help foreign nations, and US gasoline users temporarily. I think.
I doubt they will keep or let dollar stay high. It would undo all the good created with the lower dollar after 2001 and 2008. Its a shame. The gov’t zigs, then the people zig to adjust, and then the gov’t zags, after everyone zigs.
The US gov’t and the Fed Note dollar will make you or break you. Very simple if you are not in a gov’t favored business, like new car retail sales, real estate sales, or gov’t employment or vendor etc. It always annoyed me to pay taxes to a gov’t that gives my manufacturing work away to foreign nations. Manufacturers and Vietnam veterans should be tax exempt.
Part:
“PITTSBURGH, July 29, 2015 /PRNewswire-USNewswire/ — Hundreds of members of the United Steelworkers (USW) and their allies will rally Thursday at the headquarters of Allegheny Technologies Incorporated (ATI) in downtown Pittsburgh.
More than 2,200 members of the USW are currently in negotiations with ATI to replace the contract that expired June 30. The USW is seeking an agreement that would secure good, family sustaining jobs, including those at eight locations in Southwest Pennsylvania. ATI is seeking deep, permanent cuts that will jeopardize hundreds of jobs.”