|
The weak dollar is very good for american industry because it makes our products very attractive abroad. It is also good for labor, because wages become relatively lower to those of foreign counterparts so fewer jobs are shipped overseas. If you think it will continue to stay low, I suggest you invest in the S&P 500.
And since the debt is in dollars, it will be paid back in dollars. Remember that debt is auctioned off in Bonds which are USD based of course.
I personally don't like the weak dollar, but it's definitely not all bad.
-Leo
|