Matt from Queens

Weak Dollar Bodes Well for U.S. Economy

Joe, in case you haven't noticed the dollar has been depreciating severely as the economy has weakened and the stock markets tanked. A weak dollar is not good for the economy-it's a symptom that something is very wrong with the economy.

I understand that a weaker dollar is good for exports and that it's good for foreigners who wish to buy U.S. assets, but Americans absolutely hate to see U.S. assets sold to foreigners.