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I'm pretty much ignorant when it comes to global economics. What Sheppard said seemed to make sense to me, but now you made me think maybe I'm missing something. Could you fill me in on why you think he's clueless?

I will just deal with one of many things presented as fact that might not and in the past have not been true. He claims that a falling dollar will reduce our trade deficit. Why? When the yen went from 300 to 100 the deficit with Japan did not get smaller, IT GOT BIGGER, what makes him think this time it will be different?

Sure it makes common sense. our goods are cheaper therefore we will sell more, but common sense is what tells you the world is flat. It does not always work out that way.

Lowering your prices does not ALWAYS create demand. Most of our trading partners have barriers to our goods, long inspections, tariffs, content laws none of that is going to change and if the US goods start to take market share, say in China, then China will erect new barriers to protect it's market.

See, and that is just one of many falsehoods in this article. I will hand for a few to deal with flamers.