Quote:
Originally Posted by AlmightyZeus
I tuned into cnbc a few days ago and they were all raving about the spectacular boost in exports that the weak USD has caused.
Who gives a shit? Look at the cost of imports (the huge trade deficit). What the hell are these people smoking?
& getting back to the topic at hand: "Do you think the shit state of the US economy is hurting sales?"
If it hasn't already, it certainly will.
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One thing which is *very* obvious is media hype - they will hype financial stuff to death, obviously hoping for mugs to offload alleged investments. This has been going so for at least two years and create a totally false impression for the public. Only me, can't can stand scammers and predators and this is what it actually is, and not a new scenario. Know plenty people who saw the same thing and a few were actually finance people and they were horrified by the bs and would not dream on placing their client funds into that market. One has to wonder where this hype is coming from - no other market behaves that way.
Agree on exports and there has been improvement, but, as you say, it is drowned in import debt. This is like looking at the "better side" and one entry of a balance sheet - it means nothing.
Lets hope it does magically improve overall, - it would have to happen by magic since there appears to be no group with the ability to act, otherwise why have they not acted already?