To: Timesink
Foreign investments in 2001 were $50 billion dollars. In 2002 they were about $28 billion. For years we have been told that the strong dollar haven for foreign investers was the only thing that kept us afloat servicing our $5.5 trillion dollar deficit. If foreign investers find the sagging dollar a poor haven, haven't we shot ourselves in the foot to stave off deflation? I'm certainly no expert on any of this, but I do not like to see open season on the dollar. I'm not convinced a weaker dollar is in all ways a good thing. I don't think it is in all ways bad either, but it isn't a zero sum gain in my opinion.
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