Timmah! on 29 October 2007
| eab said: You do all realize that a cheaper dollar means American products are bought more and more in other counties? Not saying a weak dollar is good, but it isn't all bad. Currencies balance themselves. When the dollar was high is was cheap for Americans to buy European and Japanese goods while it was expensive for Japan and Europe to buy American goods. This lead to a trade deficit which is now equalizing. |
Bingo! Free markets tend to correct themselves and go through natural cycles.
