Blog > Archive by tag 'decline'
"The credit crunch will spread from mortgages to auto loans and to all forms of consumer lending. The days of Americans borrowing to consume are finally coming to a long over due end. Within a few years most will only be able to buy those goods they can afford to pay for with cash." — [...]
“Another 10% appreciation of the euro against the dollar would cost the European economies half a percentage point in economic growth. While manufacturers and exporters still are sitting on solid order backlogs, it remains to be seen if orders keep coming in when exchange rates alone are adding a 10% premium to European products…” — [...]
Tags: Addison Wiggin, Bill Bonner, decline, demise of the dollar, dollar, dr doom, empire of debt, euro, finance, Financial, hard money, peter schiff
“Funny how a lower currency exchange rate translates into higher competitiveness in a global economy.” — J. Christoph Amberger
TFN
Baltimore — (TFN): Canadians are pouring across the border to take advantage of the strong Canadian dollar, lower sales taxes, and the fact that Canadian retailers have kept their prices artificially high from the days when [...]
“In December, OPEC nations will convene to discuss continuing their dollar pegs. If they were looking for a reason to drop them, the Fed may have just provided it.” — Peter Schiff
by Peter Schiff, TFN
Baltimore — (TFN): As internal debates in the Gulf and Asian nations intensify over the need to continue propping up the U.S. [...]
“How absurd is it for Italians to come to New York to buy Italian made shoes cheaper than they can find them in Milan? Does it make sense for foreign producers to offer products to Americans for less than their own citizens? Of course not. In short order the free market will correct this by [...]