Our dollar has slid big time against the Euro and the housing market has reached it's peak and is about to crash. But the media still keeps telling us our economy is strong. It really doesn't make sense and it doesn't take an economist to figure it all out.
2007-03-12 18:07:12 · 7 answers · asked by Anonymous in Social Science ➔ Economics
Max quote your sources. How can you account for the current debt of the US along with investors of the US (Japan and China) dumping US dollars?
2007-03-12 18:44:38 · update #1
I don't like it all, and I'm sure my grandchildren wont think to much of it either when they figure out where it all derived from.
2007-03-12 19:06:25 · answer #1 · answered by leonard bruce 6 · 0⤊ 1⤋
It does make sense, and I guess it just takes an economist to figure it out. First off the US has always been a debtors nation always! And our economy has become the most efficient and best in the world because of our debt, which consists of countries investing money in the US, which we use to build the economy and paying it back with interest, when we make more interest on that money because of our economic growth then we are paying back. So we have made out great because of our debt!
Next the declining dollar, the dollar has the most purchasing power out of any currency in the world. You can buy more with a dollar in the US than you can with 1 Euro in Europe, believe me I know I was there for 6 months in the past year. The comparison amount of currency reveals almost nothing about the condition of either economy.
So yeah it must take an economist to figure it out...
2007-03-12 18:24:37 · answer #2 · answered by Max Power 2 · 1⤊ 1⤋
It SHOULDN'T take an economist to figure it out, but apparently it takes a slight knowledge in how to read a balance sheet.
Do you understand what a "debtor nation" is?
Do you know what "net assets" are?
2007-03-13 02:31:18 · answer #3 · answered by Anonymous · 0⤊ 1⤋
I think we should start a new trend for saying to the salesman. " no more financial commitments" and mean it. time to take back control of our dollar. we have been convinced to in debt our uncertain dollar future which puts us in a kind of debtors prison, and that 's NOT, a good thing. for keeping someones economy healthy. I sure know it's not mine.
2007-03-12 18:23:07 · answer #4 · answered by Anonymous · 1⤊ 1⤋
I am glad because my husband gets paid in Euros.
2007-03-12 18:17:46 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Our debt is relatively low compared to our GDP.
2007-03-16 09:08:50 · answer #6 · answered by JimTO 2 · 0⤊ 1⤋
i am scared. real scared.
2007-03-12 18:10:09 · answer #7 · answered by Pop 3 · 0⤊ 1⤋