Tensor wrote:That it is a deliberate plan by the US to get rid of the current massive deficit.
Also has nice spin-offs for US industry as all those cheap imports cease being cheap.
The biggest loser is like to be China, I would think.
G.W. Bush Administration's plan: offload all responsibility for everything to anyone else.
I am officially embarrassed and I apologize.
China's (and Saudi's) massive trade imbalance with the USA is all offset with Treasury Bonds -- which means the USA has the ability to cheat them with currency games.
It is a shameful strategy that the Republicans will not apologize for.
I miss Bill.
FWIW, the US middle class will be greatly affected with inflation, which is the inevitable result of the weaker dollar, as you pointed out, Ping.
At least Wal-Mart is the biggest loser on the corporate side... yeah, they deserve it.