Higher Unemployment leading to a STRONGER dollar?????
Has Alstrynomics gone crazy???????
Unisys to eliminate about 1,300 jobs, seek to cut expenses
Caterpillar trims paychecks and puts buyouts on table
TXT] Textron to cut about 2,200 jobs, or about 5% of workforce
More than 1 million jobs cuts seen in 2009: Challenger
Now the question is how much more than 1 million??????
Just wait until the bankruptcies start pouring in.....followed by government cutbacks.......than the wage concesssions........and more defaults as the deleveraging progresses forward........
It seems clear now that the dollar will get stronger, unemployment will grow and grow as more businesses shut down and get rid of employees, and prices will crash as few will seemingly beable to afford their old lifestyle. As America's balance sheet improves as a result of deleveraging, goods will become cheaper due to a better backed dollar....demand will pick up.....and we will grow again on a much stronger footing.
Alstrynomics lesson #4....higher unemployment can lead to a stronger dollar.