Thursday, November 22, 2007

The Upside of the Declining Dollar

As much as the declining value of the dollar hurts the ol' pocketbook when vacationing overseas (or buying imported goods), it's worth remembering that a weaker dollar isn't all bad. It improves the competitiveness of US exports abroad. Check out this BBC article on the problems that (European, government-subsidized) Airbus is having competing against (American) Boeing, because Boeing's planes are now relatively cheaper.

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