the author is trying to make a political point, but no one person and no one party is to blame. nor should they get credit for our collective actions. true, we americans are greedy and wasteful, but anyone from anywhere in the world would have done the same, given the opportunity. in fact, most of the people in america are from somewhere out there, so that kind of proves my point.
americans have purchased a whole lot of things from the rest of the world at very cheap prices. clearly, that was very smart of them to buy while the prices were so low. they were unable to stop buying just because they ran out of money and had to borrow against their futures. the bargains were just too great to pass up!
now, that foreign goods are getting more expensive, we'll stop buying and sell more stuff to them, instead. hey, that seems like a good system. americans are really smart. buy low, sell high!
i bought ten pairs of shoes for a few bucks a piece at sam's last month. they should last me until my feet grow bigger. if they become more expensive in the future because the dollar gets weaker, i'm still set for life. in fact, i have enough clothes to last a lifetime, too. i also think my japanese car will last another 100,000 miles, at least. i've been driving it since 1993. bought it when cars cost less than twelve grand and it appreciated for years.
i feel fairly confident that foreign consumers, on the other hand, are just beginning their long march to larger homes with jam packed garages. since we all know what those foreigners are like and what they like, we can profit from that. they will be eating our burger king and mcdonald burgers with secret sauces, so they'll be getting huge and they'll need more clothing, larger homes, bigger cars and arterial bypass surgeries. after all, there are so many other things we can sell them besides action movies, cancer sticks and u.s. bonds.
maybe we should have lotteries abroad that cost maybe five euros a ticket. the winners can be given dollars or citizenship or a seat in congress, anything we don't care too much about these days.
I agree with Leedsichthys. This author needs to do some research--seems as if she is quoting "talking points" that have been out-of-date for months. Reply
Oh yeah, but the point here is hedging against "the falling dollar."
I disagree with the headline - I think the dollar has little if any room left to fall, and owning dollars right now seems wiser than owning euros, pounds, or yen. However, the point remains - in a weak dollar environment, where are the best investments? And the conclusions are correct - U.S. companies that compete with foreign companies are in better competitive positions because of a weak dollar. Manufacturers are a clear choice, be it Boeing, GE, Nucor, or (gasp) Ford or GM. Reply
"George W. Bush and his administration have been on a spending binge - mostly to pay for the wars in Iraq and Afghanistan."
It's a nice talking point, but it's just not true. The Bush administration's spending record is atrocious even without war funding. Since 2001, DOD spending has roughly doubled, an increase of around $300B/yr. Non-defense spending, however, has increased during the same period by almost $600B/yr.
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5 Stocks to Hedge Against the Falling Dollar [view article]
the author is trying to make a political point, but no one person and no one party is to blame. nor should they get credit for our collective actions. true, we americans are greedy and wasteful, but anyone from anywhere in the world would have done the same, given the opportunity. in fact, most of the people in america are from somewhere out there, so that kind of proves my point.americans have purchased a whole lot of things from the rest of the world at very cheap prices. clearly, that was very smart of them to buy while the prices were so low. they were unable to stop buying just because they ran out of money and had to borrow against their futures. the bargains were just too great to pass up!
now, that foreign goods are getting more expensive, we'll stop buying and sell more stuff to them, instead. hey, that seems like a good system. americans are really smart. buy low, sell high!
i bought ten pairs of shoes for a few bucks a piece at sam's last month. they should last me until my feet grow bigger. if they become more expensive in the future because the dollar gets weaker, i'm still set for life. in fact, i have enough clothes to last a lifetime, too. i also think my japanese car will last another 100,000 miles, at least. i've been driving it since 1993. bought it when cars cost less than twelve grand and it appreciated for years.
i feel fairly confident that foreign consumers, on the other hand, are just beginning their long march to larger homes with jam packed garages. since we all know what those foreigners are like and what they like, we can profit from that. they will be eating our burger king and mcdonald burgers with secret sauces, so they'll be getting huge and they'll need more clothing, larger homes, bigger cars and arterial bypass surgeries. after all, there are so many other things we can sell them besides action movies, cancer sticks and u.s. bonds.
maybe we should have lotteries abroad that cost maybe five euros a ticket. the winners can be given dollars or citizenship or a seat in congress, anything we don't care too much about these days.
Reply
5 Stocks to Hedge Against the Falling Dollar [view article]
I agree with Leedsichthys. This author needs to do some research--seems as if she is quoting "talking points" that have been out-of-date for months. Reply5 Stocks to Hedge Against the Falling Dollar [view article]
Oh yeah, but the point here is hedging against "the falling dollar."I disagree with the headline - I think the dollar has little if any room left to fall, and owning dollars right now seems wiser than owning euros, pounds, or yen. However, the point remains - in a weak dollar environment, where are the best investments? And the conclusions are correct - U.S. companies that compete with foreign companies are in better competitive positions because of a weak dollar. Manufacturers are a clear choice, be it Boeing, GE, Nucor, or (gasp) Ford or GM. Reply
5 Stocks to Hedge Against the Falling Dollar [view article]
"George W. Bush and his administration have been on a spending binge - mostly to pay for the wars in Iraq and Afghanistan."It's a nice talking point, but it's just not true. The Bush administration's spending record is atrocious even without war funding. Since 2001, DOD spending has roughly doubled, an increase of around $300B/yr. Non-defense spending, however, has increased during the same period by almost $600B/yr.
Facts are stubborn things. Reply
Examining Akamai's Application Delivery Customers - Part II [view article]
Finally. Well done Dan. ReplyEditors
General Discussion on PFWD
Is this a buy or a sell? Reply