But it is bigger than that too. Even a business that does not export benefits, especially when one of their competitors is say Canadian or Mexican. Take an apple farmer for example, that does zero export, they see less domestic competition from say Canada? Tomatoes, less comp from Mexico. Loss of foreign intervention, is great for these domestic producers.
And how about shopping malls by the borders? Mexicans and Canadians right now are flooding into our country every day, waiting in lines for HOURS just to spend their money here. And when they are here, they stay in hotels, use our stores, entertainment, etc. Things are now so cheap, it warrants flying to our country even, from Europe or Asia.
Yup, and let’s not forget those service providers in the US.
Call centers will start moving back to the US because it’s cheaper to hire US citizens to provide support than it is to hire Indians and train them up (even if you do not count in the cost of angry customers who have had to deal with Indian phone support). Canadian and UK companies will move their support centers here, along with other countries’ companies’ English-language support centers.
US Information Technology will see a nice big benefit from this as well - US programmers are pretty much the best, and now they’re some of the cheapest.
I don’t think that you are going to see good gains in those funds in this environment. We are heading into a recession. And a large one at that. You would have to risk foreign equities. But we are pulling the rest of the word down too. But you stand a really good chance of losing money that way too. stocks are high risk. If you go for a high return then you also put your neck out for a high loss. Probably one of the best things you could do is to just convert your money into another currency. If you had put that $100.000 into euros about a year ago then what would it be worth now? If the Euro had only gained 10 cents then you could convert back to USD now and have $110,000. And that is not counting any interest you may have earned. So it might be more like $115,000. If the Euro went up 20 cents then you are talking $130,000+. How many funds are you going to get a return like that?