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Euro almost at it's introductory value vs the Dollar!

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  • Originally posted by Big Crunch


    First hand experience teaches me otherwise. Efficiency drives only tend to occur when business is bad or expected to be getting worse.
    Maybe so. Are you making a practical point?

    There was a decent amount of restructuring that continued in the US, even during the last boom. It was noted in some articles that I saw. I also remember talking to a US-based small part of a large Swiss/international conglomerate. The Swiss company was looking at a merger and wrestling with the layoffs that they would have to do. The American affiliate CEO pulled me aside afterwards and said we''ve have 7 layoffs in the past 3 years and closed two facilities. We didn't have any problems doing it. We just don't ask for permission or broadcast it much because corporate is so scared about it.

    Comment


    • Maybe so. Are you making a practical point?


      You'd rather I talk pseudo-babble?
      One day Canada will rule the world, and then we'll all be sorry.

      Comment


      • Here start with this.http://www.indiana.edu/~ipe/ipe02/sld007.htm

        Special Status of Key Currency Country

        1) A key currency country does not have to worry as much as others about dealing with a structural deficit, since its currency is needed for international transactions.

        2) A key currency country can "export its inflation" to other countries by keeping its domestic demand high during a period of structural deficits.
        I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
        - Justice Brett Kavanaugh

        Comment


        • Originally posted by Kidicious

          What exactly do you not understand about what I was talking about? This is just bull****, telling me that what I said was nonsense and not even discussing it. I'll just categorize you along with Imran, Fez, and GP unless you do so.
          Well I was being nice by explaining the ideas involved without looking too critically at what you posted. But since you asked.

          Originally posted by Kidicious

          I don't think there are enough Euros for it to be a key currency, but I'm not sure about that.

          [later]

          I meant to say that there may not be enough Euro money the moment, but the population expansion of the EU will be a factor too.
          The amount of euros in circulation has little relevance to the key currency debate. It is certainly not true that were the amount of euros to double overnight that it becomes any more likely to be a 'key currency', should such a thing exist. Hence this obsession with amount of currency circulation is misplaced.

          Originally posted by Kidicious regarding loss of 'key currency' status in the US

          Too bad for the US if it happens. It would crush our economy, and the whole world would suffer.
          Wrong. See my lengthy post above on why this is wrong; I thought at least it would get a cursory glance.

          Originally posted by Kidicious regarding loss of 'key currency' status in the US

          The value of the Dollar would collapse. There would be a massive shift in resources, and it would take a long time for the efficiency to recover. A global depression would either coincide or follow the collapse of the Dollar.
          Currencies can collapse, but they don't do so for any of the reasons given by you regarding 'key currencies'. So wrong again.

          Originally posted by Kidicious regarding loss of 'key currency' status in the US

          If the Euro were to gain key currency status the demand for it will increase, and the demand for the dollar will fall. Plus, when you enjoy key currency status you have significantly more control over your own economy and the world economy. A complete transformation would have to take place. The US would have to stop using monetary policy to stimulate the economy, and they would have to worry most about maintaining the value of the currency. The result would be high interest rates and inflation in the economy. Shall I go on?
          Catastrophically wrong, and without doubt the most pernicious argument in this thread. Again I discussed this in my long post above, albeit without singling you out as a purveyor of this view.

          There is more.........IMO as someone that teaches this material at univeristy level your other posts indicate a further lack of understanding of areas of international trade.........but the points I have outlined here are the most important.

          Comment


          • Originally posted by Kidicious
            Here start with this.http://www.indiana.edu/~ipe/ipe02/sld007.htm

            Special Status of Key Currency Country

            1) A key currency country does not have to worry as much as others about dealing with a structural deficit, since its currency is needed for international transactions.

            2) A key currency country can "export its inflation" to other countries by keeping its domestic demand high during a period of structural deficits.
            Now both *these* points are to a certain extent true, and both discussed in my post above. But your interpretation earlier is a lot different, as I showed in my last post.

            Comment


            • Dr. Spike,

              I'll assume that you don't believe that the dollar is used for international transactions then, right?
              I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
              - Justice Brett Kavanaugh

              Comment


              • Originally posted by DrSpike


                Now both *these* points are to a certain extent true, and both discussed in my post above. But your interpretation earlier is a lot different, as I showed in my last post.
                It's not different at all, and you certainly haven't shown that.
                I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                - Justice Brett Kavanaugh

                Comment


                • Originally posted by DrSpike
                  There is more.........IMO as someone that teaches this material at univeristy level your other posts indicate a further lack of understanding of areas of international trade.........but the points I have outlined here are the most important.
                  If you teach economics, all I can say is that I feel for your students.
                  I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                  - Justice Brett Kavanaugh

                  Comment


                  • Kid..........I am not going to trade insults with you........I posted some useful information for anyone that is genuinely interested in debating the issues not trading gibes, and will respond to further intelligent question about my posts if it is necessary.

                    However I can't really be bothered conversing further with you........as to whether my posts (when pushed I would add - I was willing just to post some information without attacking you) showed your lack of understanding and pushed the debate in the right direction, well, I'll leave it to others to decide.

                    Comment


                    • Originally posted by DrSpike
                      Kid..........I am not going to trade insults with you........I posted some useful information for anyone that is genuinely interested in debating the issues not trading gibes, and will respond to further intelligent question about my posts if it is necessary.

                      However I can't really be bothered conversing further with you........as to whether my posts (when pushed I would add - I was willing just to post some information without attacking you) showed your lack of understanding and pushed the debate in the right direction, well, I'll leave it to others to decide.
                      You don't want to discuss it. You were the one who dismissed me as incapable of discussing it. I don't really want to discuss it with you either, because you aren't very pleasant to talk to. That's why I feel for your students. Even on the occasion that you are right, and they are mistaken, you will be an a$$hole about it. In cases like this, you are wrong, and act like a huge a$$.
                      I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                      - Justice Brett Kavanaugh

                      Comment


                      • Originally posted by Big Crunch
                        Maybe so. Are you making a practical point?


                        You'd rather I talk pseudo-babble?
                        Hey, I already threw you a bone, physics-wannabe.

                        Comment


                        • Originally posted by Kidicious


                          You don't want to discuss it. You were the one who dismissed me as incapable of discussing it. I don't really want to discuss it with you either, because you aren't very pleasant to talk to. That's why I feel for your students. Even on the occasion that you are right, and they are mistaken, you will be an a$$hole about it. In cases like this, you are wrong, and act like a huge a$$.
                          But I did discuss it. I made a lengthy post discussing the issues, and when *you* prompted me to make specific comments on your posts I did so.

                          Frankly the only person that possibly stands to benefit from our exchange is you, and since you don't agree I don't see the point in posting further, unless another participant in the thread has substantive comments to make about my posts.

                          Comment


                          • You are such a puss, kid. You should APPRECIATE a kick in the teeth from somebody like Spike if it forces you to think and learn. Too bad, you never developed any intellectual toughness during your "BA".

                            Comment


                            • Ok, I will talk to Spikey. What are the attributes that make offshore traders choose to use dollars? What percentage of our currency is used offseas for this kind of activity? I guess, you have to include people in black markets using dollars--I had a Polish defector teacher at USNA who said Poland was awash in "green". What I'm trying to get is some relative idea for what amounts of currency are held overseas. Now, if overseas traders decide to stop using dollars, how will that manifest itself? How will they return the dollars? And what effect will that have on exchange rates? I'm trying to think it through in terms of supply/demand but I'm not sure that I'm there.

                              Comment


                              • Originally posted by DrSpike


                                But I did discuss it. I made a lengthy post discussing the issues, and when *you* prompted me to make specific comments on your posts I did so.

                                Frankly the only person that possibly stands to benefit from our exchange is you, and since you don't agree I don't see the point in posting further, unless another participant in the thread has substantive comments to make about my posts.
                                I don't even know what the argument is about, because you just said that everything I said was nonsense without giving me specifics. That's not honest debate. I'm the only one here trying to participate in honest debate.
                                I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                                - Justice Brett Kavanaugh

                                Comment

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