I read the article below today in the Washington Post. My thoughts on a crashing dollar being an overall good thing for the economy seemed very absurd to me. It maybe slightly helpful in the short term but is a far cry from contributing anything positive for this nation in the long term.
EUROPE, JAPAN FEAR FALLOUT
Declining value aids U.S. economic recovery
By Anthony Faiola
Washington Post Foreign Service
Thursday, October 29, 2009
LONDON -- The dramatic decline of the U.S. dollar is aiding the American economic recovery but setting off alarm bells overseas, with corporate executives, politicians and pundits calling it among the biggest threats to the rebounds underway in Europe and Japan.
Mounting concern abroad over the shrinking dollar underscores how exchange rates have emerged as a growing source of friction, with many countries jockeying for the weakest currency to boost exports and protect their markets from foreign competition.
Full article
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