Posted on 05/31/2013 12:17:57 PM PDT by SeekAndFind
The next span of the escalator has no foundation; its sitting on cream puffs.
So youre saying watch the obamaites
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no the obamaites don’t have jack to do with it. (of course when things go well —they’ll take credit for it.)
Just watch the value of the dollar.
Everyone has been screaming rightly about fiat money since 2008 while the dollar has been tracking generally sideways.
Sometime in the next year however, we should get a breakout either to the upside or to the downside.
(I think the breakout will be to the upside and the upside break will be because of oil.)
but we don’t know. All we know is that the dollar has been basing for 5 years. whether that base is just a stepping stone to the next leg down or a secular bottom for the dollar remains to be seen.
but we should know in the next year or so.
So youre saying watch the obamaites
...........
no the obamaites don’t have jack to do with it. (of course when things go well —they’ll take credit for it.)
Just watch the value of the dollar.
Everyone has been screaming rightly about fiat money since 2008 while the dollar has been tracking generally sideways.
Sometime in the next year however, we should get a breakout either to the upside or to the downside.
(I think the breakout will be to the upside and the upside break will be because of oil.)
but we don’t know. All we know is that the dollar has been basing for 5 years. whether that base is just a stepping stone to the next leg down or a secular bottom for the dollar remains to be seen.
but we should know in the next year or so.
With our manufacturing productivity at or near a 50 year low, where would your secular bottom come from?
“the upside break will be because of oil”
But doesn’t Obama have some say about any increased oil production, or is the current level of oil production all that’s needed for your scenario on the rising dollar?
When our country becomes even more of a third world cesspool for many, oil will go down. That is, unless east Asia continues to increase manufacturing (manufacturing use, commercial transportation, hundreds of millions of new drivers). Then, our country would become even more of a third world cesspool (see third world oil exporters).
Simple. Bush’s fault.
the upside break will be because of oil
But doesnt Obama have some say about any increased oil production, or is the current level of oil production all thats needed for your scenario on the rising dollar?
...........
yes Obama might be able to find a way to curb the current uptrend in oil production. But so far he hasn’t done anything that would curb the current uptrend in oil production.
The obama administration is successfully curbing coal production by regulating it out of business.
With our manufacturing productivity at or near a 50 year low, where would your secular bottom come from?
..........
US manufacturing PRODUCTIVITY is at an all time high and continues to make yearly gains.
However, manufacturing in the USA is at or near the bottom.
However, for now it looks like the trends are reversing. There are a lot of industries that rely on natural gas for power. The yawning gap between natural gas prices in the USA and other places in the world will force about 100 billion worth of industry in the next 10 years to return to the USA. There are other reasons. Here are two articles on the subject
Insourcing Boom
http://www.theatlantic.com/magazine/archive/2012/12/the-insourcing-boom/309166/
6 reasons manufacturing is returning to North America
http://www.smartplanet.com/blog/bulletin/6-reasons-manufacturing-is-returning-to-north-america/7422
Everyone’s productivity is high due to robotics, which is a good thing and a bad thing, but what matters is that there is almost zilch really going on here.
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