Ohio Needs More Foreign Trade

[FUCK THE POLICE]

the middle class has stagnated, and become more insecure, on many fronts in the last 20 years. It's a demonstrable fact.

The middle class has become smaller because so many are becoming upper class.

 

[uscitizen]

My recollection is that the US was a net creditor nation until about Ronnie's second term.

Yep I recall the same thing. Not exactly sure on the timing though.

 

[uscitizen]

and I'm not an expert on this. As I said there is some good and some bad caused by the trade deficit. But I've read just enough to know it is not all bad.

Not all of it is bad, just most of it.
And getting worse.

 

[Cypress]

Dude, Volcker is a Democrat.

I think your wrong. Volcker is a life long republican, who was appointed by either Poppy bush or reagan.

The fact that he's supporting Obama this year, is an indication of how far moderate, educated republicans think the party has gotten way off course.

 

[cawacko]

I think your wrong. Volcker is a life long republican, who was appointed by either Poppy bush or reagan.

The fact that he's supporting Obama this year, is an indication of how far moderate, educated republicans think the party has gotten way off course.

You are way off on this. He's a Democrat and was appointed by Jimmy Carter.


"Paul Volcker, a Democrat[2], was appointed Chairman of the Federal Reserve in August 1979 by President Jimmy Carter"

[ame]http://en.wikipedia.org/wiki/Paul_Volcker[/ame]

 

[cawacko]

I think your wrong. Volcker is a life long republican, who was appointed by either Poppy bush or reagan.

The fact that he's supporting Obama this year, is an indication of how far moderate, educated republicans think the party has gotten way off course.

Should I be surprised that a Democrat is supporting another Democrat?

 

[Cypress]

My bad cawacko. I stand corrected!

 

[FUCK THE POLICE]

Volker was reappointed by Reagan though, showing the Reagan approved.

 

[cawacko]

Volker was reappointed by Reagan though, showing the Reagan approved.

He was reappointed for one term then Reagan appointed Greenspan.

 

[Cancel 2016.2]

If you were a foreign country where might you feel safest placing your capital? I would argue the U.S. which is why a lot of foreign dollars are coming to our shores right now. Look at Abu Dhabi for example with their investment in CitiBank and their voracious appetite for U.S. real estate.

Just one example. Kind of off topic though. My bad.

Not off topic at all.... that is what is making us a debtor nation.... more foreign ownership of US assets than the reverse.

 

[Cancel 2016.2]

I think your wrong. Volcker is a life long republican, who was appointed by either Poppy bush or reagan.

The fact that he's supporting Obama this year, is an indication of how far moderate, educated republicans think the party has gotten way off course.

Volker was originally appointed by Carter, re-appointed by Reagan.... Greenspan took over prior to Bush.

Volker has traditionally stayed out of politics. He was a Democrat when Carter appointed him, but I do not know if he remained that way ever since.

 

[Litmus]

THose are burger flipping jobs. You need 4 of them to survive. With jobs is quality, not quantity that matters.

 

[Cancel 2016.2]

ignore that last one.... should have read all the way down before I responded.

 

[cawacko]

Not off topic at all.... that is what is making us a debtor nation.... more foreign ownership of US assets than the reverse.

We have investors wanting us to place money overseas in real estate on their behalf for diversification but they all still want the majority of their money in the U.S.

 

[Litmus]

We have investors wanting us to place money overseas in real estate on their behalf for diversification but they all still want the majority of their money in the U.S.

They know our fascist control apparatus is the strongest.

 

[Cancel 2016.2]

We have investors wanting us to place money overseas in real estate on their behalf for diversification but they all still want the majority of their money in the U.S.

I am seeing the same. With the weak dollar it is getting too expensive to be buying foreign real estate right now (I rely on ETFs of foreign property as we are not directly in the business) Especially given the availability of deals on commercial real estate here.

 

[uscitizen]

SF, I have been reading where the weak dollar is killing many euro businesses that depend on exports to the USA. This thing is a global booger, not just us.

 

[cawacko]

SF, I have been reading where the weak dollar is killing many euro businesses that depend on exports to the USA. This thing is a global booger, not just us.

the weak dollar helps the U.S. companies who export overseas.

 

[Cancel 2016.2]

SF, I have been reading where the weak dollar is killing many euro businesses that depend on exports to the USA. This thing is a global booger, not just us.

Without question.... a weak dollar helps our exporters, but makes imports more expensive. Thus the reverse holds true... foreign exporters to the US are struggling and their importers are finding cheaper US goods.

Add to that the amount of the CDO/SIV debt that is owned by foreign entities and that spreads the pain overseas.

Watch now for the effect of the auction rate securities on the market.

Anyone that holds closed end funds.... if they use leverage.... duck and cover... especially if that leverage is done with auction rate securities.

 

[uscitizen]

the weak dollar helps the U.S. companies who export overseas.

Yep but we get less for it in the global economy.
And since we import more than we export....