Quote:
Originally posted by sacX
well that's all very nice, but the US depends on foreign inflows of capital to finance the current account deficit. All recent data suggest foreigners are sick of being "owned" and foreign inflows are way down. At the end of the day that worthless piece of paper will hurt Americans more than anyone else.
btw GDP growth wasn't over 9% it was 8.2% and not everyone who dislikes Bush or US foreign policy is anti-american (honestly) 
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These are good points, one reason that I favor market setting the dollar.
As long as the dollar does not stay weak for years, and this is short term..... then it should be fine. I am all about letting the markets set the value of currency. ( sometimes it is impossible because of market interfence from other nations)
Good to have someone who understands some economics!
Have a good Thanksgiving!