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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (43426)7/3/2003 3:23:30 PM
From: zonder  Read Replies (1) of 57110
 
Re weak dollar a good thing for the economy - It depends where it stabilizes. Any further significant drop, and it might lose its "substitution currency" status in many parts of the world. Think quotation of commodities in EUR rather than USD. If it gets there (not a big chance, but one hard to ignore), it could get ugly for the US economy. It does not help that the current US administration has alienated quite a few countries to the extent they might actually feel like moving to do just that.

One important thing here is that the US is not a significant exporter, except for services and computer stuff. So weaker dollar might not be all that beneficial in the short term. And remember the USD 1.5 bn foreign fund inflow the US needs per day? It might not be so forthcoming if USD continues to weaken, making USD assets rather distasteful for foreign investors...
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