Wednesday, August 21, 2019

Steve’s Barking; Good sign for the economy, the currency is high!

Are we crazy?
We Americans are complaining that our currency is going up compared to the rest of the worlds currencies. Our currency is going up because the rest of the world is experiencing an economic slow down. With negative interest rates on bonds, and slow downs in economic growth throughout the world, one would have to expect Europeans would be investing in the United States. In order to do this one would have to change their currency to dollars. Doing currency exchange the dollar would go
up. This is a great sign for a country to have  a strong currency.
The Chinese government is not doing anything more then Europe are doing to weaken it’s currency, so we should stop calling the Chinese currency manipulator. We don’t call Russia, the EU, or Argentina currency manipulators.
When it comes to currency being higher, energy is cheaper, raw materials are cheaper,  making building factories cheaper for those raw materials.
The United States with a 3.7%  (really less then 0%) wtf are demanding more jobs by devaluation of our currency. If the President had any brains he would take credit for a strong currency. He could easily say that America is great again under his watch.

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