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Interest rates are only part of the problem. The real culprit is a weak dollar. Hard for foreign buyers to stay invested in the US and make a profit. Also hard
by WheelsAtLarge 9y ago
Interest rates are only part of the problem. The real culprit is a weak dollar. Hard for foreign buyers to stay invested in the US and make a profit. Also hard for exporters to make a profit outside the US. We are a net importer as a nation so a weak dollar will hit us with more expensive goods. We'll be seeing it soon.Thank Trump and his treasury secretary.
The weak dollar is not Good even if we suddenly start to export.
- georgeecollins 9y ago>> The weak dollar is not Good even if we suddenly start to export. That's assuming that a decline in the value of investments is better than the increase in jobs due to more exports. For most people on this forum, I think that is true. For most people in the US, a decline in a portfolio of equities (that they don't generally hold) is a great trade off for jobs (through export).