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Originally Posted by quicksteal
How am I supposed to comment on an article that reads like this:
After reading this three times, I can finally figure out what this person is saying, but I have no respect for this opinion b/c it's so poorly put together. That's what Mr. Mephisto was trying to say, so there's no reason to whine at him. I'm no businessman, but isn't the dollar getting lower (at least against the Euro) by the day? Personally, I don't think this market correction would take care of our ridiculous trade deficit. To make up for the fact that we're bad with money, we need more viable products that we can sell to international consumers, and for that, we will have to depend on innovation. Thanks to W's tax cuts, companies have enough money to invest in our own economy, hopefully helping lift ourselves out of serious trouble. It's no sure thing, but there's hope.
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While I do recognize I was a bit whiney about Mephisto's comment - I still stand that he didn't even bother reading the article, and since he didn't, he had no justification to comment on it.
And about your comment about the dollar getting weaker: that is SUPPOSED to happen. If you know ANYTHING about free trade theory - since we spend so much on the other country's economy, and none on our own, our dollar is supposed to grow weaker and the chinese dollar is supposed to float, fixing the trade deficit because US companies will find it cheaper to buy US-manufactured goods and chinese companies will do the same because of a strong Chinese dollar - but currently, the Chinese dollar is being artificially kept low - because the Chinese are buying all of the defecit in the form of bonds. That's what this whole article is about. If you read it three time, you would have seen that, but maybe you just have a knack for ignoring those kinds of things.