Quote:
Originally Posted by bonajab
That question caught me off guard. I didn't know that. I must have missed that. How would consumer health effect the value of the dollar? How is health measured? Sick days? Pharmaceutical profits? The amount they consume? Actually, I never knew health changed much. I guess the right question is how could health effect the current account. Could the answer be productivity? A larger GNP would tend to increase the current account and therefore the value of the dollar.
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Hi Bonajab,
I think the confusion here is that when people talk about the "health of the consumer" in the financial world they are not referring to their medical health. They are instead referring to how much they are spending and/or are expected to spend. So the "health of the consumer" is measured by things such as consumer spending, employment numbers, retail sales etc.
Hope that helps.
Best Regards,
Dave