Dean M

Is the U.S. Dollar Headed for a Mighty Crash? Part I

A weak dollar is the first step to reclaiming our manufacturing base. The only loss will be in our ability to import foreign goods, which I see as more of a benefit. Does that make us a banana republic? It means our currency is more reflective of our trade balance which has been sick for decades, that is called facing reality. Our trade 'partners' have been playing games with their currencies to gain competitive advantage for years. Just like we won the cold war outspending the Russians, now we will win the trade war the same way. That said, I don't believe in bailing out zombie companies, we should just let them die to keep our economy healthy.