At a Xmas party this weekend, a small "middelstand" businessman here in Hingham, an OEM that provides metal plating to the US electronics and other industrial industries, who has been in this business for decades, said, "I always thought my business would be my retirement fund, because I could sell it. I can't sell it now; my customers are rapidly disappearing. Production is going offshore."
His business is fading like a cheap Chinese knock-off Star Wars Xlarge t-shirt worn by an out-of-shape American tourist at the Great Wall on a sunny day, there enjoying the momentary benefits of the strong dollar that may have eliminated his job by the time he returns stateside.
We need to manufacture more debt to offset these losses in the real economy. The Fed will buy this debt and hand us strong dollars in exchange. That way all will be well.
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