[lbo-talk] Dollar slide accelerating

Doug Henwood dhenwood at panix.com
Tue Oct 13 04:35:04 PDT 2009


On Oct 13, 2009, at 7:28 AM, Marv Gandall wrote:


> Foreign companies and officials are starting to say their economies
> are
> getting hurt because of the dollar’s weakness.

Yeah, for the U.S., a moderately weaker dollar is not a problem. We're back in Connally-land: it may be our currency, but it's their problem. As long as the U.S. is able to sell its bonds at nonpunitive rates, a weak dollar is a plus.

Doug



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