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Excellent preso from Steve Keen: https://t.co/z4nzCk3DpX
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Automation and jobs not a bad debate: https://t.co/NZjeEHHMsj
9/06/2018 1:35 PM
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5
FEB 10

Dollar Down - for how long?




The dollar is down a bit, who knows why? All sorts of comments on risk, northern hemisphere sovereign debt defaults, civil unrest in Greece and the like. Correlation are not causation - but our exporters suffer. 

Not time to get too excited, not a single exporter will place any new bets on the strength of this. Yes, they will take the extra margin if they can but they well know that polices that expose the exchange rate to interest spreads and feelings elsewhere are poison to those that trade in the real economy.


Until the policy framework changes to provide better stability for the traded economy, investment is on hold. Don’t ask how many jobs have been lost better to ask how many never came into existence.


By way of example, one major manufacturer’s investment in equipment was on installation showcased by the supplier as the “best” in the world, now it is showcased as the “oldest” in the world


tags: investment, dollar, jobs
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