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The weak dollar, by making U.S. goods more competitive overseas,
will sow the seeds of future growth through booming exports, more
domestic jobs and a new surge in investment from overseas to snap
up bargains in the U.S.

That's not a cause for concern, but of celebration.

1 posted on 12/02/2007 4:53:03 AM PST by Zakeet
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To: Zakeet
Don't Fear The Weaker Dollar -- It's Keeping The Economy Afloat

Cool! Let's borrow even more from the Chinese communists. Who needs spending cuts? /s
100 posted on 12/02/2007 12:14:48 PM PST by mysterio
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To: Zakeet
This is a variation on an old economic fallacy called the "Broken Window Fallacy.

In fact, export of manufactured goods is 2.8% of GDP, and increasing the relative wealth (call on goods and services produced in the US economy) does not make the rest of us wealthier, but rather poorer.

The falling dollar is merely the first step in settling long outstanding accounts.

125 posted on 12/02/2007 4:41:00 PM PST by AndyJackson
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To: Zakeet

this is much too rational for many on this forum.


138 posted on 12/02/2007 6:16:58 PM PST by ken21 ( people die + you never hear from them again.)
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To: Zakeet
I don't trust govt inflation numbers.

I use a consistent methodology like the Continuous Commodities Index, an unweighted (ie unmanipulated) measure of inflation dating back to 1957.

166 posted on 12/03/2007 9:20:50 AM PST by Vet_6780
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