I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
According to Steve Forbes forcing the Renmibi to appreciate will not fix the problem USA is facing...giving Japan as an example, mentions USA did the same for Japan and now the dollar had depreciated 75% in front of the Yen (yen was worth it $300 in the 70's now is $89) and the trade deficit has not changed since then...Accroding to Steve Forbes long term or short term impact is negative for the USA.
According to Steve Forbes forcing the Renmibi to appreciate will not fix the problem USA is facing...giving Japan as an example, mentions USA did the same for Japan and now the dollar had depreciated 75% in front of the Yen (yen was worth it $300 in the 70's now is $89) and the trade deficit has not changed since then...Accroding to Steve Forbes long term or short term impact is negative for the USA.
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