By James McKee
US car manufacturer Ford Motor Company has found itself in a great position financially after being bailed out by the government a couple years ago. The company has come back with a sense of rigor and dedication rarely seen in the car industry or any industry for that matter. This boost in sales has resulted in the desire of Ford to add jobs to some of its factories in the United States. In short the United States is building again and the manufacturing sector is sure to see some serious growth in the near future. A decrease in the US unemployment rate will increase risk appetite in the stock markets and boost the value of the USD in the long run.
The US job market is in a state of disrepair that has not been witnessed since the Great Depression and if the United States is to bounce back than it will do so through manufacturing. The US must get away from its voracious consumer appetite and move back to a place where it can export more than it imports. There was a time in the world when America lead in industry and consumer product manufacturing on a variety of different goods. America certainly has the potential to return to that status, the question is: Will the country choose to do so?
Americans are going to have to accept lower wages and begin the long road back to prosperity by rejecting credit and beginning to buy things that they can afford and not buy things they cannot. Those on the forex currency exchange should take note of manufacturers such as Ford expanding their factories, the United States economy may finally be waking up. Despite not being able to offer goods as cheaply as countries such as China or Japan the US still enjoys the chance to make a comeback.
About the Author
Author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to check out the forex exchange rates regularly.
