Actually, a balance between the two is best for the economy and investors. This allows consumers to pay reasonable prices for imported goods and our manufacturers to compete in the global marketplace. However, the strong dollar creates conditions that weaken the U.S. economy and encourage the U.S. to run big government deficits, in turn causing the dollar to fall. The ongoing current account deficit is proof of this weakness. Foreigners have continued to spend money on U.S. stocks, bonds and property, resulting in a strong dollar. Then, since the strong dollar lowers exports and job growth, that strengthening causes the dollar to
Actually, a balance between the two is best for the economy and investors. This allows consumers to pay reasonable prices for imported goods and our manufacturers to compete in the global marketplace. However, the strong dollar creates conditions that weaken the U.S. economy and encourage the U.S. to run big government deficits, in turn causing the dollar to fall. The ongoing current account deficit is proof of this weakness. Foreigners have continued to spend money on U.S. stocks, bonds and property, resulting in a strong dollar. Then, since the strong dollar lowers exports and job growth, that strengthening causes the dollar to