Judge Dredd
Bally, 1993You're currently viewing posts by Pinsider pinmonk.
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Quoted from cooked71:When’s the next recession?
Australia? Next year, probably. Almost at 0% growth now, terrible exchange rate for Aussies.
USA? Probably Mid 2020, Early 2021. The actual start likely won't be seen accurately until 6 months later, though.
Quoted from drfrightner:If the Feds drop the interest rate, the exchange rates will come back to earth. We actually don't want a strong dollar in the midst of a trade war. Makes it harder for other countries to buy products from the USA like pinball games, or attractions I build. Canada usually has a weak exchange rate to the strong US dollar, which kills a lot of deals let me tell you.
I don't know how the conversation got switched, but I'm hoping the US will print more money, and drop rates. But trade deals we have with other countries is horrible... for example in Spain they charge over 30% tax to import from the USA. How can anyone sell into Spain at those rates?
I'd hate to see pinball manufacturing move out of the USA. You need better trade deals.
The Fed ain't dropping interest again any time soon. They shouldn't have done it the last time. When the next recession comes, they will have no tools to combat it since there's still a GIANT pool of off-book debt they bought to bail out the the US last time around. You shouldn't need stimulus in an expanding economy.
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Plantsville, CT