Quote:
Originally Posted by lucid
well, fine, i shouldn't say it's just the fed rate, and thus only greenspan. government spending has a lot to do with it, too, obviously. regardless, we will be dealing with this for some time...
|
Not only government spending counts, all our spending. Every time we by a Chinese or German product we are tipping the trade deficit, which has a real impact on the value of the dollar. I'm not going to quit buying Euopean items, but I sure try to limit my buying of Chinese ones (getting harder all the time).
This is what brings your Walmart goods from China (1,302 ft.x 207. ft., 110,000 hp, 31 kt, Net cargo - 123,200 tons capacity - 15,000 TEU {1 TEU = 20 ft3 container}):
