The American economy: keeping track of US economic developments.

It looks like the dollar will keep sliding.
What will this mean for ireland?
I presume that the price for oil and commodities won`t change much in euros, as the price of these in dollars will rise even as the dollar falls.
What about the american companies in ireland_will these be effected?
IF imports into the u.s. are more expensive,i presume the americans will just buy less. The world`s exporters will then have to redirect their goodies to countrries with strong currencies or at least plenty of money.
If countries like china and india want to produce cheap goods for our benefit,then no one can stop them.
 
Seems to be no end to the bad news for American property. Alot of people are asking "has it hit the bottom yet?" and are looking to jump back in for the classic dea cat bounce scenerio. This property bust will play out like a bad melodrama over several years BUT, one thing is 100% certain. When the bottom does arrive there is no need for ANYONE to rush in. You’ll know when the bottom is in. Take your time if you are looking to buy ’cause property prices ain’t gonna go nowhere for a long, long time.

Owch, those Hawaii vacation homes just fell 18%


Beautiful San Diego, now 6.9% cheaper
http://www.signonsandiego.com/news/business/20061213-1141-bn13housing.html

Foreclosures, foreclosures, foreclosures..somebody hep me!
http://www.usatoday.com/money/economy/housing/2006-12-13-mortgagedelinquencies_x.htm

Something new, a "buy vs. rent" debate..never thought I would see the day.
[broken link removed]

Big builders are "taking big bath"
http://biz.yahoo.com/ap/061215/all_business.html?.v=1
 
It seems that the US consumer is starting to feel the effects of the bursting housing bubble.




http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/NoMoreBubbles.aspx?wa=wsignin1.0
 
President Bush in his address to the American people has asked them to steel themselves for the continuing war on terror which he seems to believe will continue for a generation or more. But much more interesting than the call to arms is his request that Americans 'go shopping more'. Given that the American people have a negative savings rate and are heavily indebted this is possibly a call beyond the call of duty. PS what would Americans go and buy anyway? Chinese, Japanese etc. made consumer goods, how does this help the American economy
 
http://www.rte.ie/business/2007/0322/usa.html


It's starting to look like the US consumer is the only thing propping up the US economy.
 
You must log in or register to reply here.
Menu
Log in
Register