[Bogie]

The dollar lost about 27 percent last year, but since seems to have stabilized. Though there will probably be an other round of weakness, most of the damage is probably over. At some point Americans have to go back to work selling their products at very good international prices.

[jb6]

The damage will be over when our government stops borrowing $2 billion/day from foreigners and not a day earlier.

[ARCADIA]

The dollar lost about 27 percent last year, but since seems to have stabilized.

Did it stabalize on its own; or did we stay the dollar's decline by rasing the targeted interest rate. The problem with doing the latter is that we will untimately have to pay for the additional cost of carrying our national debt. Your tax burden just went up some more and that is nothing to cheer about.

Our free traders/traitors have really done a job on this country. This article is pretty much on the money. Tune down some of those oversensative nerve cells and read through it again. No matter how much you support our president; that should not put him above all criticism. Whatever happens in Iraq, Iran, Korea, Syria, and Taiwan will prove a false victory if our domestic economy fails to generate the hoursepower needed to sustain us.

[tm22721]

The dollar lost about 27 percent last year, but since seems to have stabilized.

Dead cat bounce.

BUMP

[finnigan2]

"The dollar lost about 27 percent last year..."

- The dollar drop has been a boon to exports and thus US production and employment. Every penny it drops against the Euro, hurts France and Germany's exports to the US. Notice that todays papers report that Germany's unemployment has jumped again another .2%
Now all this grief that it is causing Chirac and Schroeder could merely be coincidental, but then again it might be a subtle way for Bush to give them a few headaches on the home front.
Personally, I think the US could step in at any time to prop up the dollar, but Bush is content to give the Euroweenies a little grief while improving employment and the balance of trade issue at home.

[hinckley buzzard]

The dollar's loss is relative to the euro and to a lesser degree a few other currencies. Currencies wax and wane against each other. The important attribute is buying power, which has much more to do with inflation and interest rates, than trade deficits and foreign central banks. I notice he mentions neither in this screed. All he can manage is a huff and puff against WalMart!