Posted on 11/14/2007 8:50:39 AM PST by IrishMike
So the Giselle Bundchen story was hogwash. That, of course won’t stop people from believing in it.
More “fake but accurate.”
Ping for later.
“This will tip the Titanic that is the U.S. economy into the cold waters of economic depression.”
(snip)
“European triumphalism notwithstanding, if the dollar gets much weaker, European economies could go into a tailspin.”
******
If I’m reading this correctly, a weak currency will destroy your economy, and a strong currency will destroy your economy.
13 European countries decided to utilize the Euro, and from a few trips there on pleasure, most are not happy.
these European booming currencies still have to go through a depression. they’re young lings in the currency market. the dollar has been around for centuries.
No. Read it all the way through (if you can get past the America-hating). It's actually a pretty good synopsis of the situation with the dollar and its effects... many of them good for us.
June 1982 Business Week story “The Death of Equities”.
November 2007 stories: “The Death of the Dollar”.
“As one commentator put it: “yawn, America’s so yesterday, baby.” (sic). “
Yawn, I wish more people felt this way; then maybe they would quit wanting to emigrate to this country.
Seems the writer is so eager to bash America, he forgot to look where to hit.
Cognitive dissonance or cognitive flailing I wonder..
That pretty much covers it, apart from a stagnating currency destroying your economy, which is beyond the purview of this article.
Soon, the Euro folks will have to follow the fed and cut interest rates or see their unemployment rates trend even higher as American exports cut them to the quick. There are pros and cons to a falling dollar but the economics of the matter is clear. A falling dollar makes American goods cheaper resulting in more exports and a lower trade deficit which sooner or later has to hit Europe in the pocket.
What made you think the writer is an American-basher?
It’s funny how the people with the nicest house on the block don’t have many friends among their neighbors.
Until it’s time for donations to something.
Probably over eager to jump to that conclusion by skimming. On second read, seems to making observations and not editorializing. Pretty fair assessment actually.
If I’m reading this correctly, a weak currency will destroy your economy, and a strong currency will destroy your economy.
......................................
That’s why we need a ‘fair & Balanced’ currency.
From another article , 40+% of worlds economy is between the US and the EU
................................................
SEEKING REASSURANCE — After French President Nicolas Sarkozy in Washington last week, and German Chancellor Angela Merkel at the Bush ranch in Crawford, Texas, at the weekend, the flow of high-level European visitors continues in early December when Italy’s President Giorgio Napolitano is due to visit — followed in February by Italian Prime Minister Romano Prodi. The White House wants to show it has friends in Europe to support its tough Iran policy, its efforts in Afghanistan, and its new missile defense deployment in Eastern Europe.
UNTANGLING EU REGULATIONS — One meeting last week that got less attention than it deserves was the inaugural session of the newly formed Transatlantic Economic Council, a joint EU-U.S. senior body that seeks to integrate the two economies, primarily by removing some of the obstacles faced by corporations seeking to do business on the other side of “the pond.” Trade between the European Union and the United States averages $2.83 billion a day, or 40 percent of world trade, but there is wide agreement that if the path were smoother for transatlantic exporters it could be much more.
So in Washington on Friday, four EU commissioners and their equivalent U.S. department secretaries set out a program of priorities for “removing barriers to transatlantic commerce, to rationalizing, reforming, and where appropriate removing regulations to empower the private sector.” Among the pile of bilateral decisions was a decision to find alternatives to animal testing in the cosmetics business, because from next year the multimillion dollar U.S. cosmetics industry faces an EU ban on the importation of animal-tested cosmetics.
The council says it will also work to simplify some of the labyrinthine EU regulations that frustrate American businesses operating in Europe. There will also be an attempt to harmonize the European and American accounting systems, which experts maintain means making the U.S. Generally Accepted Accounting Principles (USGAAP) more transparent, and closer to Europe’s International Financial Reporting Standards (IFRS).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.