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To: Sober who wrote (58168)	1/23/2008 10:27:37 AM
From: Jurgis Bekepuris	Respond to of 118717

Personally, I don't really see the issue with dollar falling. So what? You are probably going to start rattling a lot of issues with dollar falling, but for most people it really does not matter. USA is a huge country and weak dollar is actually pretty good for it. It's not Argentina or Thailand where currency drop was very bad for the country. And look even at them: both of them have rebounded to much better state than before currency crisis. Sure, weak dollar might cause temporary issues, but they are all resolvable. And regarding manufacturing base, first it can rebound if dollar is cheap and US products are competitive internationally. Second, you are discounting the service sector. Almost all high tech stuff is services in financial definition, but it's as good as manufacturing if not better for economy. So, sorry, I disagree with your claim of "wealth is being created by bookkeeping tricks". There are a lot of USA companies creating wealth in manufacturing. Look at Boeing - it's the top dog and Airbus is crying of going BK because of weak dollar! Finally, I do agree that people who live on their portfolio or are over certain age need to keep some money in cash and bonds or whatever. You could even keep that portion in currency basket. What I disagree with is selling half of portfolio NOW. Even with your concerns about the dollar, you could have sold that half for the last 2-3 years. Nothing has really changed. Someone who sells NOW is just being driven by market fear.