"If The Down Move Continues, 71.70 Is Next"
Look at that chart
http://www.zerohedge.com/article/joh...nues-7170-next
"If The Down Move Continues, 71.70 Is Next"
Look at that chart
http://www.zerohedge.com/article/joh...nues-7170-nextBecause 71.70 is so much better than ou812 or 23 skiddoo...If.. the down move does continue the next really clean level is the actual parallel channel support off the August ’98 high which comes in at 71.70 on the linear scale chart.
Cheap $ is great for US exports.
It also means imported goods are more expensive so a cheap dollar helps create/maintain jobs in the US.
Except there are relatively few of them, since there isn't very much being manufactured here.
That'd be nice if we manufactured things.It also means imported goods are more expensive so a cheap dollar helps create/maintain jobs in the US.
"there isn't very much being manufactured here."
?? $1.8T per year in exports, and that's not all services. About 1/6 of the total economy.
"In 2008, the total U.S. trade deficit was $695.9 billion, which is $1.8 trillion in exports minus $2.5 trillion in imports. "
http://en.wikipedia.org/wiki/Economy..._United_States
Your link:
Exports $1.280 trillion f.o.b (2010)
Imports $1.948 trillion c.i.f. (2010)
Looks like exports went down by 30% over 2 years.
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