Re:The fraying of the U.S. global currency reserve system
by paulpauper on Sunday December 13, 2020 @01:52PM
(#25409015)
Had you shorted the US stock market in 2000 on that prediction/hunch, you would be down a lot. The economy has moved beyond manufacturing. Data, payment, and information processing and intellectual ropery have taken over manufacturing in importance.
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Re:The fraying of the U.S. global currency reserve system
by seibelj on Sunday December 13, 2020 @02:07PM
(#25409140)
There is national security interest in being able to manufacture our own weapons, computers, and infrastructure components. Otherwise if a war happens we may be in trouble.
Re:The fraying of the U.S. global currency reserve system
by CoffeeDregs on Sunday December 13, 2020 @06:49PM
(#25411712)
I wouldn't have shorted the market based on that but I've not been sanguine about the US economy since then. Financial engineering, not productivity[1], has really been the driver of our economy...
[1] https://voxeu.org/article/industry-anatomy-transatlantic-pro...
Re:The fraying of the U.S. global currency reserve system
by imtringued on Monday December 14, 2020 @03:11AM
(#25414637)
Shorting the stock market makes no sense because central banks prop up stocks. All that newly created money goes into your pocket if you go long.