Stephen Moore Quotes

The more competitive value of the dollar turned around the trade deficit.

When a population saves a lot, the funds are invested outside the country as well as inside. If the Japanese invest in the United States, it pushes their exchange rate down and makes their manufacturing more competitive.

All Nations endeavor to get the [foreign] Exchange as much as they can on their side.

Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.

Our foreign-exchange reserves when I took over were no more than a billion dollars; that is, roughly equal to two weeks' imports.

The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country.

There's a lot of companies that profit from a weak dollar.

Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.

How does the weakness of the dollar affect your business?

Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more.

Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries.

With a strong domestic economy, low national unemployment at 5 percent, and increasing retail sales, the picture should look rosy. But one look at the trade deficit changes all of that.

The prices of all imports would rise if the dollar depreciates.

If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it.

The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.

The United States dollar took another pounding on German, French and British exchanges this morning, hitting the lowest point ever known in West Germany.

People tend to buy dollars when there is a political disturbance elsewhere in the world.

Once you change your currency to another dominant nation's currency you become dependent, you stop being the master of your economy. You submit yourself to the rules and regulations of another country.

In a global marketplace with its increased insecurities and - indeed often - volatility and instability, national economic stability is at a premium, the precondition for all we can achieve, and no nation can secure the high levels of sustainable investment it needs without both monetary and fiscal stability together.

Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense.

Trump will fail even in his proclaimed goal of reducing the trade deficit, which is determined by the disparity between domestic savings and investment.

You could see how money is different all of a sudden in Italy when they had the lire and now they have the euro. So they, in a revolutionary way, have gone from bad money to good money comparatively. But what about the rest of the world?

As long as we get stronger growth and a better economy, it will impact the krone.

A cheaper British currency could be a crisis if its swift move provoked a broader financial crisis, which it has not, or if it triggered massive inflation. For now, cheaper sterling will hurt some British households and enterprises while being a boon for others.