" 'The U.S. Dollar Is Dangerously Low'.... It's one thing for U.S. elected and non-elected officials to desire the greenback's depreciation for the sake of helping U.S. exporters. It's another thing to let the value of the buck sink to an ocean's depths, just so it can pay less money (cheaper dollars) back to bondholders. At what point would foreign bondholders decide that a much higher yield on U.S. debt would be needed to offset continuous dollar devaluation?"
They are voting with their feet I believe.
Also, if the US doesn't export that much, relatively to imports, why worry about exporters?
No comments:
Post a Comment