More good news on the U.S. economy by Righteous9

REAL WORLD EVENT DISCUSSIONS

More good news on the U.S. economy

POSTED BY: RIGHTEOUS9
UPDATED: Sunday, May 14, 2006 12:58
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VIEWED: 623
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Sunday, May 14, 2006 10:06 AM

I'll fully admit ahead of time to not being an economist(and I think I failed my only economics class in high-school),

which must be why these numbers look so bad to me.

..........

Markets around the world plummeted Friday as the U.S. dollar went into freefall.

The American currency's near collapse followed several weeks of declines, which has seen the dollar lose 7% of its value against the euro, yen, and the pound,in the last month alone. The dollar index (weighted against a number of currencies) has fallen to its lowest level since October 1997. The relentless selling has failed to cause even the shallowest of corrections. Friday's announcement by the Trade Department of a 5.6% fall in the trade deficit for April, coming in at $62 billion against analysts expectations of $67 billion, failed to arrest the slide.

http://feeds.bignewsnetwork.com/?sid=9b6a1c22154c3bcf

http://www.nam.org/s_nam/bin.asp?CID=201946&DID=232494&DOC=FILE.PDF
...................

How should an American faithful interpret this? Is this good news? Does this mean countries will be outsourcing to us, thus creating more jobs? Cuz that would be keen.

I know I was all doom and gloom about global warming until I was told on the radio that some places in the world are getting warm enough to plant vinyards, much better than their dirty root farming. In other places we're going to see new beachfront property emerge...and everyobody loves the beach...

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Sunday, May 14, 2006 12:41 PM

CITIZEN

Yes but rich people are rich. Jesus you liberal idiot. You just can't stand it that the American economy is doing so well, can you.

More insane ramblings by the people who brought you beeeer milkshakes!
And as you know, these are open forums, you're able to come and listen to what I have to say.

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Sunday, May 14, 2006 12:58 PM

KHYRON

Quote:
Originally posted by Righteous9:
I know I was all doom and gloom about global warming until I was told on the radio that some places in the world are getting warm enough to plant vinyards, much better than their dirty root farming. In other places we're going to see new beachfront property emerge...and everyobody loves the beach...

"Yo, I 'as 'eard dat global warming is goin' to make Great Britain as warm as Ibiza. Let'z make it 'appen!" - Ali G

That is a very sexist way to talk about theze bitches!

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