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Old 07-25-2017, 01:12 PM
 
9,837 posts, read 4,607,517 times
Reputation: 7292

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Quote:
Originally Posted by neko_mimi View Post
So you're saying it was even lower under Obama?
as part of the policy of the day. If you know you economic history you will know we were in a race to debase.

it is interesting stuff, look it up and have a read you will see why we did , who paid the costs , the good the bad and the ugly of it.

Right now a strong dollar is nice for the average american, but of course many might disagree.
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Old 07-25-2017, 03:01 PM
 
783 posts, read 572,856 times
Reputation: 2068
Quote:
Originally Posted by jbcmh81 View Post
That wasn't the narrative. The narrative was that there would be consequences, with some potentially being very severe. I don't remember them saying that it would be immediate, and there was always some speculation on just what those consequences would be. I would imagine that the difference in the 2 narratives has a lot to do with what kind of news you were watching.
From May 2016 (a month before the vote):

Brexit would prompt stock market and house price crash, says IMF
Quote:
A vote to leave the EU next month could precipitate a stock market crash and steep fall in house prices, the International Monetary Fund has warned.

Christine Lagarde, the IMF managing director, also backed warnings from the Bank of England governor Mark Carney that Britain could fall into recession following a Brexit vote.

Lagarde, who was in London on Friday to present the fund’s annual health check on the UK economy, said it was possible the economy would shrink in two consecutive quarters, which is the definition of a recession.

“We have looked at all the scenarios. We have done our homework and we haven’t found anything positive to say about a Brexit vote,” she said.

The IMF said a panic among investors would trigger shockwaves throughout the economy following a vote to leave, sending shares and property prices into downward spiral.
...

The IMF’s warning was coupled with a prediction that a vote to remain in the EU would spur a rebound in growth in the second half of the year, ending more than 12 months of stagnant output and falling business confidence.
Note the time frame used: "following a Brexit vote". Nothing about after years-long negotiations. Also note that since Brexit, the U.K economy didn't shrink at all, it grew, as did housing prices. How has the economy fared since the Brexit vote? Also, take note of the wording used, "panic", "downward spiral", "shcokwaves" etc. That sounds like hysteria to me. It's a good thing that the majority of voters rejected this.

So, no, I'm not buying the nonsense that people like the OP are selling about "TRUMP IS CAUSING A RECESSION! LOOK AT THE HOCKEY STICK GRAPH!!!".
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Old 07-26-2017, 12:20 AM
 
1,997 posts, read 1,633,630 times
Reputation: 2819
when empires go, they go fast dont they??
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Old 07-26-2017, 12:29 AM
 
Location: Phoenix
3,211 posts, read 2,227,812 times
Reputation: 2607
Quote:
Originally Posted by Elliott_CA View Post
"Bottom falling out of US dollar: Drops to near 2-year low vs the euro, 2017 loss now 10%"

World investors are shedding dollars and buying Euros... Trump is causing investors to lose confidence in the USA.



Bottom falling out of US dollar: Drops to near 2-year low vs the euro
The dollar is still too strong and needs to fall further against the Euro and other currencies. Thank you President Trump!
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Old 07-26-2017, 08:15 AM
 
Location: USA
18,451 posts, read 9,084,138 times
Reputation: 8490
Isn't a weak dollar good for domestic companies selling abroad?

If Trump is bringing down the dollar (dubious), then maybe he will unintentionally MAGA.
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Old 07-26-2017, 10:03 AM
 
13,899 posts, read 6,407,868 times
Reputation: 6960
lmao..Would those be the fat cat bankers or the evil .1%'ers that the Left hates so much? Amazing how they switch sides so fast. The Left have no principles whatsoever. Their only principal is to be Authoritarians.
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Old 07-26-2017, 10:05 AM
 
3,637 posts, read 1,686,891 times
Reputation: 5465
Quote:
Originally Posted by andywire View Post
Great news for US manufacturers looking to export goods abroad

MAGA

Make Obama/Clinton supporters get a job again, instead of demanding a handout from hard working, productive, tax paying Americans.

Sure, those American workers will not be able to actually buy anything , because their dollar is reduced, but what the heck, as long as it pleases Trump !
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Old 07-26-2017, 10:29 AM
 
Location: USA
18,451 posts, read 9,084,138 times
Reputation: 8490
Quote:
Originally Posted by Dbones View Post
lmao..Would those be the fat cat bankers or the evil .1%'ers that the Left hates so much? Amazing how they switch sides so fast. The Left have no principles whatsoever. Their only principal is to be Authoritarians.
Everything you say is true.



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Old 07-26-2017, 06:15 PM
 
Location: Metro Detroit, Michigan
29,685 posts, read 24,738,189 times
Reputation: 28369
Quote:
Originally Posted by WMak70 View Post
Sure, those American workers will not be able to actually buy anything , because their dollar is reduced, but what the heck, as long as it pleases Trump !
They always have the option of purchasing high quality, fairly priced made in USA goods. Such goods are a great value, when taking into account their superior durability and craftsmanship. America has been flooded with cheap knock off imports. The truth is though, 80% of that stuff belongs in a landfill. And that's where it will most likely end up in 5 years or so. American made goods stand the test of time, as any estate/garage sale junky (like me) can tell you.
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Old 07-27-2017, 05:41 AM
 
Location: Phoenix
3,211 posts, read 2,227,812 times
Reputation: 2607
Quote:
Originally Posted by Freak80 View Post
Isn't a weak dollar good for domestic companies selling abroad?

If Trump is bringing down the dollar (dubious), then maybe he will unintentionally MAGA.
Yes. I work overseas and the high dollar makes me and my company less competitive versus European, UK, Canadian, etc. The dollar is still a bit high, needs to come down to maybe 1.3 to Euro.
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