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Originally Posted by Honclfibr  That's an oversimplification which relies heavily on the assumption that we are a net exporter. Which we very much are not. |
What about the all the tourists coming to America from Europe because they can buy double the goods here rather than their home? What about the small businesses making a killing advertising and selling to customers in Europe? Either way, a weak dollar can hold our economy up during this downturn, or at the very least make it so the US economy doesn't fall into a depression and instead just goes through a small recession. That's why the goverment isn't supporting our dollar (though the fed says they support a strong dollar policy, but they really aren't doing much to support it other than giving it lip service through press releases).