Posted by TomH in PA on February 03, 2008 at 05:08:59 from (67.142.130.18):
In Reply to: Value of the dollar posted by RickB on February 03, 2008 at 03:52:27:
Low value of the dollar is what will correct the balance of trade. As the dollar goes down the yaun, rupee, peso, and cost of transportation go up, making offshoring less attractive. Downside of a low dollar is higher price of oil though.
Economy looked good in the nineties because things were out of whack; dollar was so high companies offshored millions of jobs with predictable results. Now we pay the price for that short-sighted bubble.
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