Reply #26: Short answer [View All]

[AngryAmish]

Imports cost more, exports cost less.

We are spending too much money in this country. This will put an end to it.

The dollar has been overvalued for a long time. It is overvalued because it allows cheap loans to US (US Gov't and consumer lending) and we like it. It is overvalued because people that import stuff to US (Japan, China, Middle East) want a place to sell their stuff. Everyone is happy, right? Well it can't go on forever and there needs to be a correction. It is happening now and slowly which is how it should be done.

There are so many doom-sayers around here. As I write this is see stock market is near a record high. If the economy is crashing why would everyone be investing in American companys?