Originally Posted by
icurhere2
"My best stock pick for 2009 was a paper company".
Hah. I had a funny dark horse too. One who has absolutely no solid financial fundamentals but ended up sitting on a giant golden egg in the form of very beneficial legislation. Thankfully I figured this out before the market woke up to it.
And no, it has nothing to do with anything in the US on the business or policy end.
(I also lost my shirt on a few
's).
Originally Posted by
Phudnik
IANAE, but I was under the impression that the weak USD would, in theory, boost domestic production by making imports more expensive and counteracting our giant trade deficit. This may be counteracted by the PRC pegging their currency to the dollar and subsidizing our appetite for inexpensive manufactured goods.
Yes, I think that's the theory the Fed is working under.
Although in certain circles domestic manufacturing is tied to importing raw goods/materials. Hence getting hit in the back of the head with
currency fluctuations. And, exporting finished goods doesn't have nearly the economic implications as producing
and consuming them domestically.
... in time.
Originally Posted by
Hartmann
The left thinks it is the job of the Fed to boost employment? What kind of wonder-dust do they think Bernanke has?
Last time I checked employment was directly correlated to the strength of the economy. It's a lagging indicator so the average
on the street gets frustrated when they watch the Today Show and they hear the the economy seems to be shoring up yet they can't find a job.
I'm going to go poop in a box and market it guaranteed. :-: