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"US bankrupted"

 
 
Reply Sat 5 Feb, 2005 02:16 pm
I know most Americans are always positive people, certainly about the American economy. But since Bush is in power, I'm starting to worrying about the US financialy and economicly (don't mind my bad English spelling). I'm curios what the reactions of Americans are on there figures:

http://www.detnews.com/pix/2003/09/10/a08deficit.jpg
"Fiscal disipline US-government"

http://mwhodges.home.att.net/trade_all.gif
"Trade deficit US"

http://www.financialsense.com/stormwatch/images/2002/0412/total_us_debt.gif
"US debt"

And recently several newspapers warned for a dollar-crash. Serious signs are the dollar/euro-rate from 0.89 in 2000 to 1.34 in 2004. Chinese and Japanse banks have announced to sell a big amount of their dollars.

Are the members of this forum also worrying about the financial state of the US?
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Type: Discussion • Score: 1 • Views: 666 • Replies: 2
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hamburger
 
  1  
Reply Sat 5 Feb, 2005 05:19 pm
hi and a belated welcome ! the decrease in the value of the u.s. dollar has been a bit of a boon for tourists from other countries. since we live in canada, it has become quite a bit more attractive to spend our vacation dollars stateside ... but the canadian exporters are not quite as happy. as a former canadian prime-minister said of the relationship between canada and the u.s. : Pierre Elliott Trudeau Quotes

" Living next to you is in some ways like sleeping with an elephant. No matter how friendly and even-tempered is the beast, if I can call it that, one is affected by every twitch and grunt . " hbg
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Sidderaal00
 
  1  
Reply Sat 5 Feb, 2005 05:40 pm
I know the low US Dollar can be good for tourism and exports, but it isn't paying off that much. The tradedeficit breaks record after record, even with a low dollar.
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