Is the US economy relevant to the performance of US multinational corporations...?
Apparently not! Profits and margins are soaring...even as the US economy slinks toward near recessionary levels of growth and productivity...
THE US DOMESTIC ECONOMY IS NOT RELEVANT TO MULTINATIONALS!
The Non US global economy is far more important to the outcomes that large corporations are seeking than the US consumer...
India and China are finally having the desired effect from globalism and free trade... They have freed International Capital from it's slavish dependance on the American Economy and the American Consumer.
International capital now has an "audience" that is outside the US and the US economy.
The dollar can continue to fall...as any other nation's currency would fall....AMERICAN EXCEPTIONALISM SOMEHOW DIED IN THE MOST RECENT QUARTER OF CORPORATE EARNINGS....
My sense is that Wall Street has become addicted to the weak dollar...and would like to see it weaken further...
And the American Consumer is going to have a rude awakening at the gas pump...and at the mall when the consequences of the weaker dollar really start to bite...!
THE AMERICAN ECONOMY IS A SIDESHOW FOR MULTINATIONAL NOW...
DEAL WITH IT...
