steven787 on 15 March 2008
| Lingyis said: i do not know when the dollar will stop falling, but it seems to be weakening a bit too much these days. i don't have any particularly great insight at this point to the dollar situation. but for the US to continue lead the world in ways of quality of life, a strong dollar is very important. the "weak dollar leading to reduced trade deficit" argument is true, although it is not as convincing as many people tend to think. much more dangerous are the downsides a weak dollar brings. in the short term, anything can happen to the dollar. but i'm confident in the ability of americans to recover and have its economy on the upswing soon... soon as in, hopefully, by 2009. |
It also raises the credit risk of the US. Foreign banks may not be so quick to bail US banks out if the dollar's gonna keep dropping.
I would cite regulation, but I know you will simply ignore it.
