Canadian Dollar

[Speedfreak]

Come on guys, there won't be a huge recession or any kind of depression, that's why they invented the federal reserve. It has several ways to control that sort of downward trend and cutting the interest rates is just one.

Speedfreak - the US is the world's number one producer of capital goods, that means machines like farm equipment, etc. The auto industry is extremely reluctant to completely restructure, which I think is what they desperately need to do. It's a world market and to sit on your hands and ask for handouts from the government (auto industry) is masturbation.

I am not worried that the US will become less of a power than it is, I am not worried that the dollar will suffer from much inflation because there are people who are smarter than god working for the government, they're just the ones you never see. :) There'll be a turnaround, but don't miss the bus when it rolls by!


Capital goods(Farm equipment/heavy machinery) are now coming from outside the U.S.. I know of Korean, Thai, Indian, Chinese, and Malaysian companies taking this industry by storm. It is a world market, we do not "own" any of them any more.

If we are losing market share in all "our" industries, how long is our Federal reserve going to keep us going?

[dylan]

And where is the money from the war going? Back into our economy. This money was previously sitting in a slush fund doing nothing. Putting that money into our economy is good, it gives money to businesses, who give it to their workers who spend it on goods. The big part of the problem is many of these goods are now made overseas, so it doesn't stay here as long as it did in the past. A war is basically using tax dollars to supplement the economy, this is obviously just economically speaking. The more the money in the US gets turned over the better, that means not sitting on money in savings, etc.

We cannot use war to justify stability of our own economy.

And now a group of democrats wants to add a war tax to pay for the war now, instead of making future generations pay for it.

http://weblogs.baltimoresun.com/news/politics/blog/2007/10/dems_propose_war_tax_to_make_i.html

[Shane@DBPerformance]

I worked at a stock firm for 11 years. The stock market is based in about as much reality as Lord of the Rings. A women with PMS is less emotional than the stock market.

[AJ]

A very large chunk of all funds spent on war ends up in the pockets of other countries. While working for ATK, who deals a lot with the ammunition side of the government, there was a large isuue in a slowing spending on US based companies by our own government. Even companies like Haliburten (sp?) opened and maximized overseas operations to get more into the mix of goverment funds. Largely due to the cheap transport and labor with the end product already being across the ocean.

[Speedfreak]

A very large chunk of all funds spent on war ends up in the pockets of other countries. While working for ATK, who deals a lot with the ammunition side of the government, there was a large isuue in a slowing spending on US based companies by our own government. Even companies like Haliburten (sp?) opened and maximized overseas operations to get more into the mix of goverment funds. Largely due to the cheap transport and labor with the end product already being across the ocean.


Yup, Halliburton is now headquartered in Dubai.

[tpunx99GSX]

I worked at a stock firm for 11 years. The stock market is based in about as much reality as Lord of the Rings. A women with PMS is less emotional than the stock market.

Damn, how old are you shane?!?! You worked at elite for a couple years, going on a couple at DB, 11 at a stock firm.... That means your TOO FUCKING OLD.

[Jakey]

Capital goods(Farm equipment/heavy machinery) are now coming from outside the U.S.. I know of Korean, Thai, Indian, Chinese, and Malaysian companies taking this industry by storm. It is a world market, we do not "own" any of them any more.

If we are losing market share in all "our" industries, how long is our Federal reserve going to keep us going?
John Deere just purchased the largest tractor manufacturer in China. The Deere foundries in Waterloo and Silvis, IL used to carry now a substantial portion of the casting in Deere's agricultural division, now it's mostly done in Mexico and China.

[tpunx99GSX]

John Deere just purchased the largest tractor manufacturer in China. The Deere foundries in Waterloo and Silvis, IL used to carry now a substantial portion of the casting in Deere's agricultural division, now it's mostly done in Mexico and China.

Jakey, Do you masturbate to Tractor mags? Somehow i knew you were gonna comment with something that has to do with Agriculture.

[JET]

Jakey, Do you masturbate to Tractor mags? Somehow i knew you were gonna comment with something that has to do with Agriculture.

Unlike you who has nothing intellectual to add to the conversation...

Ooooh, zing! :lol:

[Jakey]

Jakey, Do you masturbate to Tractor mags? Somehow i knew you were gonna comment with something that has to do with Agriculture.
Nah, I just enjoy agriculture. Somebody has to feed you.