Quote:
Originally Posted by spunkmaster
ECON 101:
If the dollar is worth less it makes goods cheaper for exports which helps the US not hurts !
|
Normally correct - and the weaker dollar has had a fractional benefit recently. But - the core problem is there is nothing like enough exports to get near balancing the permanent trade deficit. Not sure why exactly - may be related to a lack of "exportable goods" and possibly a reflection on industry.