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davepamn

February 13, 2009 04:37 AM

Do you believe American productivity is strong?

If you thought at the later part of 2008 and the beginning of 2009 that energy and commodity prices were going up and invest, you would have been wrong. If you believed the dollar would decline and bet against the dollar, the foreign exchange strength of the dollar would have gone in the opposite direction. If you thought investing in Asia, with its red hot growth GDP and thought this was a good idea, you would have lost half your money. You would have be wrong betting against the dollar. If you thought stocks were on their way too 20,000, you would have been wrong. Stocks did not grow 18% in 2008, as predicted and the stock market did reach 16,000.

Is American productivity keeping the dollar relatively strong?

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deanmachin...

February 13, 2009 11:08 PM

I clicked on this thinking you were asking a different question that I might be able to halfway intelligently answer...but while this stuff is way over my head, I'll just throw this out anyway: from my fairly ignorant perspective when it comes to the nuts and bolts of the economy, everything from popular culture to the evening news is suggesting that the dollar is at a real low point, and has been since long before our overall financial outlook became so dismal.

So are you saying that the dollar is in better shape than those who some of us trust like, say, Weekend Update on SNL, would lead us to believe?

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