- Joined
- Dec 13, 2011
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- 10,348
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- Location
- The anals of history
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- Political Leaning
- Progressive
In a world where currency is backed by nothing other than its value relative to other currencies, all a country has to do to have a strong one is to suck a little bit less than everyone else.
Today, America is the tallest midget in the room.
Our own fundamentals aren't very good, however, they are head and shoulders above the other big players: European countries are questioning their place in the Eurozone and the markets question the viability of the Euro currency, the Asian markets are leveraged to the hilt and the Chinese economy is looking like a giant casino, Russia is crippled by sanctions and cheap oil, etc
So what happens when there's so much turmoil globally? Goats, funds, rich folks, corporate entities, etc put their money in a "safe haven" that is the USA.
My question to you is...is having a strong dollar good?
Today, America is the tallest midget in the room.
Our own fundamentals aren't very good, however, they are head and shoulders above the other big players: European countries are questioning their place in the Eurozone and the markets question the viability of the Euro currency, the Asian markets are leveraged to the hilt and the Chinese economy is looking like a giant casino, Russia is crippled by sanctions and cheap oil, etc
So what happens when there's so much turmoil globally? Goats, funds, rich folks, corporate entities, etc put their money in a "safe haven" that is the USA.
My question to you is...is having a strong dollar good?