Monday, December 5, 2011

Weak Dollar Weakness?

The US Dollar has recently been hovering at historically low levels compared to the last several decades. Don't let that dent your pride in the stars and stripes though. Dollar devaluation entices other countries to buy American goods, driving up our exports (as an important component of our GDP) and ultimately boosting growth in our economy. Higher growth should eventually lead to corporate hiring and hopefully a sustainable recovery. While a weak US dollar isn't a panacea, adding a little water and sunlight to our economy can only help.