Quote:
Originally Posted by bizaro86
But does cost trump Trump risk?
Also, I think more manufacturing/exports probably only occur if the currency devalues - I don't think lower rates alone are enough to do it.
|
I work for a Canadian manufacturer, primarily dealing Canadian origin raw material, and I can tell you are US exports are up, and we are projecting them to go up.
I think the currency is already devalued enough to spur big increases in export. What we should see up until any major trade action is taken, is that downward pressure on the dollar from lower interest rates, money printing, domestic economic capacity... should be offset by upward pressure from exports increasing gdp.