Chezfrederick

A Strong U.S. Dollar Isn't in Anyone's Best Interest

Would a weak dollar push China and others over the edge, prompting them to dump their US denominated reserves? Would this be in the interest of future US economic growth? Where would the US get their credit? What interest rate will it have to pay? and what happens to the deficit? Default... credit ratings... reserve currency status?....

This is not an issue of strong vs. weaker currency. Like everything else it is a balancing act and a difficult one at that. This is the high wire act that needs to be cautiously maneuvred which I think the boys in the US administration are faced with and I give them high mark to this point. The energy, determination, leadership and willigness to compromise on the world economic stage have set the tone, and given the market some hope... I wish them all the best of luck and success... We will be all better off. Can you imagine what it would have been like if Bush was still around?????

Cheers, and let's count our blessings...