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Rising interest rates & a strong dollar Ironically, you can generally have your financial house in order as a country or be globally manufacturing-competitive,
by ethbr0 4y ago
Rising interest rates & a strong dollar
Ironically, you can generally have your financial house in order as a country or be globally manufacturing-competitive, but not both*.
* Exceptions Germany, Japan, et al., but as you go up the value chain you gain enough profit leeway to paper over the general rule.
- Clent 4y agoWhy are those countries the exception and not America? Other countries figure it out. America cannot. Therefore, it's not possible. America!
- gretch 4y agoThe poster you are responding to is probably incorrect in many regards. There aren't really 'exceptions' just 'differences'. For example, Japan's economy definitely is not feeling good at the moment, even if some particular metrics are performing at a top tier.
- aksss 4y agoWe should not ignore that for countries like Japan and Germany, they have an enormous advantage in not having to spend realistically on a defense budget relative to their risk-prone geography, living as they do under an umbrella. https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS?end=2020&locations=EU&start=1960 https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS?end=2... https://www.washingtonpost.com/news/worldviews/wp/2015/02/19/germanys-army-is-so-under-equipped-that-it-used-broomsticks-instead-of-machine-guns/ https://www.washingtonpost.com/news/worldviews/wp/2015/02/19...