why?
what does america export?
why dosen't Bush care?
what effect will $ price have on oil price?
2006-12-28 09:58:46 · 4 answers · asked by Anonymous in Social Science ➔ Economics
RE last answer, won't high $ damage oil imports?
2006-12-30 00:27:03 · update #1
1) Depends on what happens between relative interest rates of EU & US.
2) Some of our largest exports are in heavy machinery, financial services, and agriculture.
3) Why doesn't Bush care about what?
4) Dollar depreciation means that oil is more expensive to import, which is why trade deficits tend to reverse themselves.
2006-12-28 10:47:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes it will recover, because major country currencies go in cycles. If for no other reason, than as the dollar weakens it makes US exports cheaper and imported goods in the US more expensive, which will tend to change the balance of trade at least a bit. There does not need to be a trade surplus for this to happen, just a tip in the US dollar supply/demand relationship.
Bush doesn't care because the "weak" dollar is doing no harm, and in fact helps many American business that compete on price. Some countries work very assiduously to weaken their own currencies so as to boost their exports.
The US exports about $1 trillion in goods and services a year. that's a lot. As a generalization the US specializes in high value-added creative and technology work and financial services, as opposed to low-value added assembly of goods.
Exports include financial services, telecommunications equipment, the more high-end semiconductors, software (you've heard of Microsoft), entertainment (you've heard of Hollywood?), Internet services (Google, Yahoo?), books, market research, agricultural products, big airplanes (Boeing), intellectual property, fast food franchises, and a million other things.
2006-12-28 18:51:15 · answer #2 · answered by KevinStud99 6 · 0⤊ 0⤋
No dollar will not recover-because we have $ 700 billion annual trade deficit & $ 400 billion annual budget deficit & $ 9 trillion in national debt.
We export raw materials & grains like a 3rd world nation
Bush is an internationalist & bankrupting America is necessary to merge US with Mexico.
Oil will keep rising
2006-12-28 18:21:00 · answer #3 · answered by Steve S 1 · 0⤊ 0⤋
recover from what??? its very strong at the moment I thought???
2006-12-28 18:01:22 · answer #4 · answered by Anonymous · 0⤊ 0⤋