I thought a weaker dollar is better, more exports.
“I thought a weaker dollar is better, more exports.”
These things always balance out over time. High or low interest rates have different winners and losers, and high or low currency valuations have different winners and losers. The transition from that one set of the winners to the other always has those old winners screaming and informing the media spin.
On the old adage “buy at lows, sell at highs” with a double whammy combination of your property problems, and the low dollar I’m looking at buying US real estate at the moment.
Now, if I’m thinking of doing that at a micro leval, I am sure at a macro level hundreds of thousands more Europeans/Chinese/Indians or whoever will be thinking the same.
One spin would be: Foreign invaders buy all our land.
Another would be: Buyers return to property market and finally reverse falls, Americans home equity is saved thanks to foreign investors.
The media will plum for the former - it sells more newspapers.
The weak dollar will at least allow U.S. countries to open up more markets overseas. Even as the dollar rises, U.S. companies will be selling more than before.