Just thought this was worth noting, who knows if it really means anything… Weak Dollar Costs U.S. Economy Its World No. 1 Spot

1 Comment

In short, it doesn’t. Valuing GDP at exchange rates is stupid. They should use purchasing power parity. By that standard little has changed.

What the weak dollar does mean is that we get screwed over for imports and if we visit France. On the other hand, if you are an exporter like Boeing, its going to be a very good year on that front.

Name

Email (optional)

Blog (optional)