Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: Wyätt Gwyön who wrote (1680)	5/22/2003 7:06:10 AM
From: Wyätt Gwyön	Read Replies (1) of 4912

Weak Dollar Won't Fix Huge U.S. Trade Deficit Dollar's Fall Boosts Asian Exporters; Some Economists Say a Bubble Grows online.wsj.com The U.S. "has dug such a large hole" in its trade account with China, as well as other East Asian countries, that conventional remedies such as the dollar's depreciation "would not help much," says Andy Xie, an economist with Morgan Stanley in Hong Kong. The U.S. simply isn't competitive enough with low-cost Asian manufacturers in many industries, including electronics, and that means it doesn't have much to export in these areas regardless of the dollar's value.

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