Half of European have sub-standard living conditions; East European market are just opened up and booming; cheaper labors in high demand. Over all; European are in much better shape than US.
A simple solution is to 1.raise the minimum wage 2.have a wealth tax on the super rich at 90 cents in the $ over 1 million dollars. 3.stop wasting money in foreign wars.
#2 is a sure way to make sure the rich no longer live in the US. And then what will you have accomplished?
1) And reduce American competitiveness? 2) If this happens I'll take the remaining 20% of my net worth to a yet again another foreign domicile. 3) 100% agreed.
So how would you time your entries reducing potential DDs if you stop looking at charts? Weekly USD/JPY chart looks as if it is a ripe teenage spot ready to burst. Only trading from the long side, currently in a long trade within 10 pips of the current reaction low expecting 114-116 What IS interesting is how a potential end of a world economy will reflect on our currencies. Look at the rate Russia, China, India are developing economically, what would happen when it is not that viable to continue productions overseas?
I'm a european. Like all europeans I've grown up under the cultural and political influence of the USA. I've lived in the USA (19 years old and looking for the fulsome excitement of daytona beach that was promised us by a juvenile and spotty youth on the greyhound bus that we took from the driveaway cark breakdown (thought the flashing light was a 'turbo' light. Was in fact an engine warning light. Picked the little beauty up from Statton(?) Island, the states still represents a place of dynamism, confidence and talent that will survive way beyond the awful ineptitude of a president or two. "you guys...like flies 'round shit" so said our spotty youth on his way to military service. We arrived in Daytona out of season and cut lonely figures on that beach until things picked up again. I worked as a bus boy at the 'top of Daytona' restaurant. People make a country and for that reason I'm confident about the future for old US of A. Youth turns to maturity it's all part of the process.
Only a TOTAL DUMBASS would make such a stupid statement. Don't you realize that it's the rich who are the "goose which lays the golden egg" so that guys like you get to live in the US and pay LESS than your fair share of taxes? You know, I'd actually like to see that. All of the rich would leave the US. Then it would just be the unconscionably spendthrift DemoCrap/Socialist Gummint trying to milk all the poor people. What would politicos "promise" to get reelected? LOL... that WOULD be one FARKIN' FUNNY SIGHT!