Is U.S Dollar the Problem?

Discussion in 'The Economy' started by LoveFiend, Apr 7, 2017.

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  1. LoveFiend

    LoveFiend Officer Candidate

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    The American economy has a lot of momentum, but the unhinged trade policies for President Donald Trump could trigger a U.S. dollar collapse in 2017. At first blush, the dollar seems to enjoy a lot of momentum. Renewed growth prospects emanating from Trumpian policies and higher interest rate expectations have provided a constant bid, buoying the U.S. Dollar Index to 14-year highs in early January. We are definitely going to have a dollar collapse like the 1980s and trust me it is going to be one of the worst of all.
     
  2. Dook

    Dook 2nd Lieutenant

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    Economists spend their days debating but it comes down to this, no one knows the economic future.

    Also, if a countries currency loses value that is good for that country because it makes their local products cheaper and foreign products more expensive. So, when Trump says he wants a low dollar, the result would be good for the US economy.

    China has been devaluing it's currency for years, and the US has been complaining about it.

    If you've ever travelled the world you would know that the US dollar is accepted everywhere and it's generally more desirable than the local currency.

    The article is counting on the fact that most people don't understand economics. It's also written by a Canadian so it's not surprising it is very biased against Trump. During eight years of Obama as President the stock market went up 4,000 points. In one year under Trump the stock market has gone up 6,000 points and was up 8,000 points at it's highest.

    Like him or not, Trumps money ideas are good for the US economy.
     
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