boy needs to chill...the dollar will not turn into "amero", if that happens, the U.S. is seriously in trouble. The eurozone consists of 12 nations (13 soon as slovania will about to enter), and they already have problems balancing the stronger economy in europe such as germany with lackluster and troubling countries such as italy. Take that into consideration, mexico, central, and south america is no where near where the U.S. is in terms of economic growth, structure, etc..., a currency rate for "amero" is not possible as of current and future standing of United States.
China is NOT bad, the U.S. and China relationship right now is by far the most important political relationships that will affect your life. China has a huge surplus of dollars, but more importantly, china and united states depends on eachother. It is true that the u.s. is now a service propelled economy rather than manufacturing while china is vastly a manufacturing country. This is the yin-yang relationship between trade with china and us.
u.s. does not publish the M3 reports but we can get the hint from TICS data, interest rate statements, and other sources. U.S. trade deficit with china is huge, and current account made new lows this year but u.s. still enjoys a great deal of surplus of cash inflow because of foreign purchases of u.s equities and bonds. Yes, the USD may not look as attractive as before, and countries may diversify into euro, but I can assure you that the USD still stands strong and has more stability than euro where germany just started the VAT tax, italy where political strucutre is unstable,and france just months away from new prime minister.
The U.S. economy is not as bad as people thought, TICS data came out way better than expected, chicago PMI came out strong, recent data regarding housing may hint the end of slump, average wages rose, current account narrowing, etc...
China is NOT bad, the U.S. and China relationship right now is by far the most important political relationships that will affect your life. China has a huge surplus of dollars, but more importantly, china and united states depends on eachother. It is true that the u.s. is now a service propelled economy rather than manufacturing while china is vastly a manufacturing country. This is the yin-yang relationship between trade with china and us.
u.s. does not publish the M3 reports but we can get the hint from TICS data, interest rate statements, and other sources. U.S. trade deficit with china is huge, and current account made new lows this year but u.s. still enjoys a great deal of surplus of cash inflow because of foreign purchases of u.s equities and bonds. Yes, the USD may not look as attractive as before, and countries may diversify into euro, but I can assure you that the USD still stands strong and has more stability than euro where germany just started the VAT tax, italy where political strucutre is unstable,and france just months away from new prime minister.
The U.S. economy is not as bad as people thought, TICS data came out way better than expected, chicago PMI came out strong, recent data regarding housing may hint the end of slump, average wages rose, current account narrowing, etc...