{"id":15329,"date":"2010-11-14T04:02:05","date_gmt":"2010-11-14T09:02:05","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15329"},"modified":"2010-11-14T04:02:05","modified_gmt":"2010-11-14T09:02:05","slug":"us-to-begin-austerity-measures-of-their-own","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/14\/us-to-begin-austerity-measures-of-their-own\/","title":{"rendered":"US To Begin Austerity Measures Of Their Own"},"content":{"rendered":"<p><strong>By James McKee<\/strong><\/p>\n<p>Europe is not the only continent looking to tighten its belt at the  cost of the common man for the sake of an improved economy. Forex  traders should take note of the fact that the United States at large has  begun a very real effort to tamper with its economy by any means  necessary. Among the proposed initiatives is once again raising the  retirement age and lowering Medicaid benefits. The rest of the world is  encouraging such measures due to the fact that many other countries are  not creating money to solve their problems, they are cutting their  budgets.<\/p>\n<p>Among the proposed measures in the US are provisions that would make  capital gains and dividends taxable as income as opposed to investment  revenue. At current none of the markets are reacting to these proposals,  however as their possible implementation date (2012) draws near we are  sure to changes in the forex currency exchange and elsewhere. Many  financial experts believe that in the short term the dollar will remain  at current levels, however once these new measures are implemented the  dollar may become even more unstable.<\/p>\n<p>Too little too late is the phrase on the lips of many economists as the  United States struggles to find a viable solution to the strife  currently being experienced there by citizens at all levels. While other  countries such as France and England have undergone pre-emptive  strategies to stabilize their economy through difficult measures the  United States just continues to print money that diminishes the value of  the US dollar. Traders should take notice of these issues with the US  dollar when considering it in a pair on the Forex currency exchange.  Indicators are abound where the US dollar is concerned and all signs  continue to point to instability and as the Federal Reserve&#8217;s recent  decision truly soaks in it will certainly have an impact.<\/p>\n<h3>About the Author<\/h3>\n<p>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 <a href=\"http:\/\/forex.tradingcharts.com\/foreign_exchange_rates\/\">forex exchange rates<\/a> regularly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe is not the only continent looking to tighten its belt at the cost of the common man for the sake of an improved economy. Forex traders should take note of the fact that the United States at large has begun a very real effort to tamper with its economy<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15329","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=15329"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15329\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}