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Reply #2: Short term inflation, long term good news [View All]

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-23-05 11:18 AM
Response to Reply #1
2. Short term inflation, long term good news
Edited on Wed Feb-23-05 11:18 AM by Warpy
The almighty dollar needed to fall. Soon even China will have to allow its currency to float, which means they will look a lot less attractive to corporate bean counters trying to make the bottom line look better so they'll get a bigger Xmas bonus.

Remember, one of the reasons offshoring has looked so attractive is because the overly strong dollar made it look like people in other countries would work for less than it takes to feed (let alone house and clothe) an American.

In the short term, however, we're going to be in for a period of steep inflation, as imported goods become more expensive than anything we can produce domestically, which is the way it's supposed to be.
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