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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Sonny Blue who wrote (178256)7/9/2002 9:14:24 AM
From: Les H  Read Replies (1) of 436258
 
U.S. Weak Dollar Woes

The National Association of Manufacturers has been campaigning against an "overvalued dollar" for the past year. Their argument is that a high dollar makes American exports more expensive, and imports less so; thus hurting U.S. firms and making the trade deficit worse.

This is true. But the NAM solution, to gut the dollar to reduce the trade deficit, has the priorities backward. Washington should work to reduce the trade deficit in order to bolster the dollar, whose recent decline has caused alarm among economists and investors.

...more at link upi.com

Bear's Lair

It sounds like a mathematical tongue twister, yet it is a vital question to determine where the economy and stock market are going: Do we live in an economy whose growth is primarily exponential, or primarily asymptotic?

upi.com
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