US will retake economic superpower crown

Good news

http://www.telegraph.co.uk/money/ma...007/11/12/ccview112.xml&CMP=ILC-mostviewedbox
US will retake economic superpower crown
By Ambrose Evans- Pritchard

 

The only thing Ambrose Evans- Pritchard writings are good for is that you can use it to wipe your a*s if one day you don't have any toilet paper at home.

 

I never new we lost our economic superpower crown.

One largest benefit of a falling dollar is surging exports and a resurgent manufacturing base.

 

If the dollar fall continues, who knows? may be one day, USA can replace Bangladesh as the cheap manufacturing country.

 

Is the United States ready to manufacture to meet a new demand for "cheap" U.S. goods? I haven't heard much about increased production lately. With the current subprime woes, are banks ready to fuel growth with lots of corporate and small business loans? Let's hope so.

 

That is a concern about banks cutting of lending but I'm not seeing it yet. Also most of the goods produced in the United States are high end good from large companies that don't relay on the banks to fund production. Think Boeing Airplanes and Caterpillar earth moves and John Deer tractors.