What I would like to know is - Are non resident foreign nationals required to pay U.S. taxes on dividends and capital gains.
(IMO If not, U.S. stocks will become relatively more valuable to U.S. citizens, but foreign nationals will probably by U.S. bonds.
(IMO) If yes, more foreign nationals will buy U.S. stocks, increasing their value and lifting the dollar.
Jack
I finally understand floating exchange rates! If we can just increase the interest rate to 25% and the average return on profit to 50 cents on the dollar, the American worker will work very short hours for very little pay, but will only pay $100 for an imported car and gas will only be 10 cents a gallon.