[Southack]

"Check today's CNN/Money. Currency devaluation hurts more than just imports. DJIA off 110 points over currency worries from a weak dollar."

Oh, absolutely. Big American companies who have invested in offshore ventures or who have outsourced work offshore are going to get CREAMED by a devaluated U.S. Dollar.

Too bad.

But overall, the U.S. economy will prosper greatly from that same devaluation on the foreign exchanges because a lower Dollar makes U.S. exports cheaper and makes imports of goods and services into this country more expensive.

[.cnI redruM]

SPoken like a man who owns no 401k.

[StolarStorm]

My concern would be what happens to our economy WHILE we wait for the correction to occur. Perhaps by the time the dollar reaches its real value it will be too late to prevent wholesale destruction of core industries and skills and we will be dependent for a time on offshore entities no matter the cost.