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SVTPerformance's Chain of Restaurants
Road Side Pub
US economy, confidence
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<blockquote data-quote="Jon" data-source="post: 415063" data-attributes="member: 6747"><p>I like that analogy about the US sneezing and Canada getting a cold<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /> . </p><p></p><p>Some goods and services have devalued while others have increased. Goods and services that bear greater international competition, like cars, are likely to go up an down in price with their foreign counterparts. So while buying a Cobra may be a deal (compared to last year) the insurance you'll pay for it has probably gone up. Mine has at least.</p><p></p><p>But falling prices are not necessarily bad for the economy. While it is true that businesses have to charge less their costs are less too.</p><p></p><p>The energy cost issue is a vague one because it depends on your time horizon. Over the last quarter oil has dropped in price. But I suppose it may be up this week versus last. More to the point, whether that's good or bad depends on your perspective: higher oil prices will boost infation, lower oil prices will boost profitability for those industries that depend on oil.</p><p></p><p>Yes, in international terms my house has been devalued by the fall in the dollar.</p><p></p><p>For the average Joe Sixpack, inflation really should mean nothing. Unemployment however means everything. And this is probably the most concerning economic indicator.</p><p></p><p>While 18 billion sounds like a lot it could easily be wiped-out by a good year or two. The state economy works in cycles. Right now we are in a recession it is expected that the state will run up the debt during these periods. A balanced budget is not appropriate at this time. The thing about recessions is that the longer you are into a recession the more likely you are to come out of it. Generally, recessions are a deflationary adjustment in the economy.</p><p></p><p>I find it curious that you cashed in your dollars for gold. Why not cash in your dollars for Euros instead? Why gold?</p></blockquote><p></p>
[QUOTE="Jon, post: 415063, member: 6747"] I like that analogy about the US sneezing and Canada getting a cold:) . Some goods and services have devalued while others have increased. Goods and services that bear greater international competition, like cars, are likely to go up an down in price with their foreign counterparts. So while buying a Cobra may be a deal (compared to last year) the insurance you'll pay for it has probably gone up. Mine has at least. But falling prices are not necessarily bad for the economy. While it is true that businesses have to charge less their costs are less too. The energy cost issue is a vague one because it depends on your time horizon. Over the last quarter oil has dropped in price. But I suppose it may be up this week versus last. More to the point, whether that's good or bad depends on your perspective: higher oil prices will boost infation, lower oil prices will boost profitability for those industries that depend on oil. Yes, in international terms my house has been devalued by the fall in the dollar. For the average Joe Sixpack, inflation really should mean nothing. Unemployment however means everything. And this is probably the most concerning economic indicator. While 18 billion sounds like a lot it could easily be wiped-out by a good year or two. The state economy works in cycles. Right now we are in a recession it is expected that the state will run up the debt during these periods. A balanced budget is not appropriate at this time. The thing about recessions is that the longer you are into a recession the more likely you are to come out of it. Generally, recessions are a deflationary adjustment in the economy. I find it curious that you cashed in your dollars for gold. Why not cash in your dollars for Euros instead? Why gold? [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
US economy, confidence
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