US Census is reporting both imports and Exports are dropping, supporting my claim that a weak dollar hurts USA exports, not helps exports. As USA goods get cheaper for foreign buyers, very quickly our overseas competitors lower their prices, eliminating any benefit to a weak dollar for USA manufacturers.
This is not to say there is not plenty of business to do, there is. It is just in th areas of unnatural economy, people are going to get hammered.
Tuesday, May 20, 2008
US Export Sales Dropping Fast
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