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The dollar would not be allowed to get too strong. The US govt never wanted a strong dollar. (Good for USA populace when they're saving, go on tours, or when they buy stuff at Walmart, but not good for people in power/various power interests)
Oct 28 13:06 pm
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All Comments by Consider_this »FOMC Preview: How Far Will the Fed Go? [View article]
Strong dollar will:
- Make debts denominated in USD (read: all of govt/corp/personal debt) more expensive to pay back.
- Make foreign countries less able to buy US goods
- Make DOW/NASDAQ more expensive to foreigners, so less flow of funds for investment
- Make multinational US companies lose profits, esp when they need to report their foreign earnings back as USD amounts.
A strong dollar will make it harder for any foreign countries/companies that borrowed in USD to repay their debt, but that was beneficial in the 1970's and no longer beneficial now. USA has went from a net creditor country to a net debtor country.