The Herald Bulletin

Morning Update

Local Business

January 17, 2014

'Big Joe' Clark: America's ironic request to Germany


Imagine going to one of your children and telling them they were being too productive and they should rest. Then in the next sentence imagine telling them they really should stop saving for a rainy day and start spending more right now. Spend more now even if borrowing the money is necessary. It's not fair that they are creating more net wealth than their siblings so they should spend, spend spend. Blaspheme! Yet that is exactly what we are telling the Germans from government down to the individual businesses.

The bottom line is that currency valuations are important and most of us don't grasp the magnitude of the situation. When the value of the dollar rises, our ability to buy from other countries increases. Thus imports (think China-made products) become cheaper. That's good news for countries and businesses that export like Germany and China. It is also very good for U.S. businesses that require goods and services made in other countries.

When the value of the dollar compared to other global currencies falls all is not lost! In fact, many of Americas largest companies make more money over seas than here at home. Our exports become cheaper as the dollar falls and many U.S. companies thrive in that condition.

Trade surplus and deficits are confusing. Currency valuations are difficult. We should all strive to save more, make more, spend less and especially borrow less.

Joseph “Big Joe” Clark, whose column is published Saturdays, is a certified financial planner. He can be reached at or 640-1524.

Text Only
Local Business
  • sheryl myers Daleville gets first look at reservoir project The Imagine Mounds Lake project made a stop in Daleville on Thursday as residents came out to ask questions and see how the proposed reservoir might affect their lives.

    August 20, 2014 2 Photos

  • NWS - HB0821 - Warner Bodies - JC 1 Elwood welcomes manufacturing company Warner Bodies

    The relocation of a manufacturing plant to Madison County brings both revitalization and new jobs to the area.

    August 20, 2014 3 Photos

  • Historic barn tour and workshop Sept. 19 Across Indiana, barns of all ages and types have been successfully rehabilitated for modern farming and other uses. On Sept. 19, Indiana Landmarks offers BARN AGAIN!, a workshop to help owners maximize use of vintage barns.

    August 20, 2014

  • NWS - HB0820 - Kennedy Google- JC 2 Google X captures heart, imagination of AU professor After spending the summer working at Google's secret research laboratory in Mountain View, California, Scott Kennedy has decided to stay.

    August 19, 2014 3 Photos

  • Residential electric rates increasing by 9 percent The electric rates for residential customers of Anderson Municipal Light & Power will increase by 8.96 percent for the final three months of the year.

    August 19, 2014

  • Indiana experiences growth in manufacturing sector Known for its strength in traditional and progressive manufacturing, Indiana gained more than 5,500 jobs in the manufacturing sector last month and has maintaining a 5.9 percent unemployment rate from June.

    August 19, 2014

  • NWS - HB0819 - Mounds Reservoir - JC 1 People get a view of proposed reservoir

    Local residents are being given the opportunity to discuss the benefits and challenges that face the development of the proposed Mounds Lake reservoir.

    August 19, 2014 3 Photos

  • FEA - HB0819 - Mommy Monday - JC 3 Mommy and me time

    Babette Bargo of Anderson said she brought her daughter to Community Hospital’s first Mommy Monday to meet other mothers and children after her sister-in-law told her about the event.

    August 18, 2014 2 Photos

  • Reservoir would reduce tax revenues If the proposed Mounds Lake reservoir becomes a reality by 2021, local taxing units could lose an estimated $1.9 million in revenues.

    August 18, 2014

  • Ambulance provider to leave communities

    Area hospitals say they are not sure what to make of Rural/Metro Corp.’s announcement to end ambulance services in some Indiana communities.

    August 18, 2014

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide