I have made this point before–I know that it sounds counter-intuitive to say that a strong dollar is NOT a good thing but it isn’t–except maybe for Wal-Mart and American tourists. I certainly have sympathy for tourists, less so for Wal-Mart. I’m reminded of this because of this article in today’s Wall Street Journal: […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Dollar"
Chicken Little and The Dollar
Posted on 13 October 2009.
The obsession with the value of the dollar is kind of goofy. More than three years ago, not for the first time, I suggested that it would actually be a good thing if the value of the dollar declined significantly, particularly as it relates to the trade relationship with China. People in political circles […]
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Competitive Dollar
Posted on 05 June 2009.
For at least three years, I’ve been arguing that one of the problems we have, in the larger economic scheme, is that the value of the dollar is too high. Yup–a high dollar basically helps American tourists traveling abroad (and I am sympathetic to that) and Wal-Mart (because a high dollar means, basically, that […]
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Trade Deficit Falls–Another Recession Sign
Posted on 15 February 2008.
Here’s another sign that the economy is worsening. Even though oil prices are at record highs and people are paying more for gasoline, the trade deficit dropped in December. Today’s on-line Wall Street Journal reports, based on data released by the Commerce Department: The U.S. trade deficit narrowed sharply in December despite a record […]
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Trade Deficit Falls–Another Recession Sign
Posted on 15 February 2008.
Here’s another sign that the economy is worsening. Even though oil prices are at record highs and people are paying more for gasoline, the trade deficit dropped in December. Today’s on-line Wall Street Journal reports, based on data released by the Commerce Department: The U.S. trade deficit narrowed sharply in December despite a record […]
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The Declining Dollar–It’s A Good Thing
Posted on 22 September 2007.
For a long time, I’ve been saying that the dollar has to come down. A lower dollar would be an easier solution to, for example, the trade issues with China, compared to trying to get the Chinese to change its currency policies. So, the fact that the dollar is sharply down–even now equal to […]
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