Old Jul 31, 11, 4:10 pm
YVR Cockroach
FlyerTalk Evangelist
Join Date: Nov 1999
Programs: statusless these days
Posts: 20,320
Originally Posted by nerd View Post
Econ 101: it's the trade deficit.

Let that dollar slide!
Nice theory but the U.S. doesn't have enough domestic manufacturing capacity to take advantage of a devaluing currency. Cost of imports and raw materials will start to rise (as if they haven't already) and the only beneficiaries will be the U.S. multinationals bringing home their foreign earnings.
YVR Cockroach is offline