Scary economic analysis from Spiegel

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  • #2
Supercritical
There was an article I posted on the US economy thread about how Airbus's CEO says the weak dollar is "life-threatening" to Airbus. Airbus is selling loads of aircraft, but one must wonder how profitable those sales will be in light of their reliance on the Euro in their transactions. In fact, the CEO hinted at doing more business in dollars or moving some production to dollar-zone economies.

I can't tell whether this problem is as bad as many say it is, because European CEOs and labour groups are prone to cry foul over anything that may affect the balance of trade. In any case, a weak dollar may help reconcile the US's trade deficit, for better or worse, as far as the rest of the world is concerned.
 
  • #3
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Why do you say Der Spiegel's analysis is scary?
President "Bobby": Mr. Gardner, do you agree with Ben, or do you think that we can stimulate growth through temporary incentives?
[Long pause]
Chance the Gardener: As long as the roots are not severed, all is well. And all will be well in the garden.
President "Bobby": In the garden.
Chance the Gardener: Yes. In the garden, growth has it seasons. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again.
President "Bobby": Spring and summer.
Chance the Gardener: Yes.
President "Bobby": Then fall and winter.
Chance the Gardener: Yes.
Benjamin Rand: I think what our insightful young friend is saying is that we welcome the inevitable seasons of nature, but we're upset by the seasons of our economy.
Chance the Gardener: Yes! There will be growth in the spring!
Benjamin Rand: Hmm!
Chance the Gardener: Hmm!
President "Bobby": Hm. Well, Mr. Gardner, I must admit that is one of the most refreshing and optimistic statements I've heard in a very, very long time.
[Benjamin Rand applauds]
President "Bobby": I admire your good, solid sense. That's precisely what we lack on Capitol Hill.
 

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