Nom De Plum

Weak Dollar Is the Price to Pay for Economic Growth

Manufacturing is not coming back to the US no matter where the dollar goes in the next five years. Building a plant and producing goods is a LONG-RUN investment. Managers would have to be convinced that dollar declines are in the cards for a decade or two before seriously committing major sums of capital to US manufacturing. The Chinese manipulated their currency, the US Govt is manipulating its interest rates right now. Government intervention in the private marketplace always has unintended consequences. Unfortunately, even if we elect Ron Paul for President, the US cannot control other sovereign entities like China.