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with the dollar down a lot


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#1 nimblebear

nimblebear

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Posted 01 May 2013 - 08:55 PM

and looking to break down further, I would think the Dow would be blowing well past 15k, and S&P well past 1600. I mean this is a currency fight to the bottom, right ? Every nation is going to try to underbid everyone else, to keep their economies going. Prices for all sorts of stuff you dont really need, should keep well contained, if not dropping quite a bit. deflationary pressures all over the place for a lot of junk, but the stuff you really need to live on, well thats another story altogether. China sells us mostly crap, so their going to have to keep making stuff cheaper and cheaper. Japan still builds the best machine tools and robotics, and assembly equipment. But their going to really need the benefit of a lowered yen, since top quality stuff is just going to be expensive. other countries who want to sell us food or clothing are going to fight a resurgence of onshoring of some of this. and americas best exports, that of financial derivatives (weapons of mass destruction) and the next two best destructive industries of pharma and REAL weapons, should keep others competitively at bay for just a tad longer. <_<
OTIS.