Re: USD, GBP
Agreed.
No employment -> No spending -> No business earning -> No employment and no inflationary pressure on overall prices.
Now that the UK fiscal deficit is showing more of that European iceberg, I expect that once that crucial piece of news spreads, it should pressure the USD to higher levels.
The impact for our own economy is significant, since a higher dollar may deter other countries from importing US goods and services, thus stressing more US business that need that foreign consumption.
No export -> No US company revenue -> No hiring incentives -> No employment dot dot dot ...
- Dalcindo
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Message in reply to:
unemployment rate is the key
for Fed rate change
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- Dalcindo
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