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Politics : THE WHITE HOUSE
SPY 690.38+0.4%Dec 24 4:00 PM EST
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To: HPilot who wrote (11787)11/30/2007 4:33:03 PM
From: DuckTapeSunroof  Read Replies (2) of 25737
 
"But it is not that small compared to most countries...."

Eh?

So what?

That's not relevant to what we were discussing --- whether or not the dropping dollar's buying power will (by increasing exports) SPUR net economic growth... or (by inflating the costs borne by our economy, materials, energy, imported goods, etc.) will net out to REDUCE our growth rate.

(As I've already pointed out previously: our LARGEST trade imbalances are with Asia, primarily China and Japan, and their currencies are manipulated to fall when our dollar does --- so a dropping dollar gains us no competitive advantage there.)

And, as I've likewise previously pointed out, the dollar has been falling steadily for around seven years now --- and we've seen no improvement to our trade imbalance worth mentioning YET. (The last 'big' 'improvement' reported by the press was a laughable 1/2 of one percent... and only a jittery monthly number. :-) So, don't hold your breath on that one.
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