While the world economy has been moving along led by U.S. strength for many years, it will now be time for the favor to be returned. That is what is so great about globalization. Weakness in one place could be offset by strength somewhere else.
With dollar weakness, demand will no longer have to rely on U.S. consumers. Dollar weakness could easily be what makes the U.S. economy withstand recession and financial market turmoil. Exports are already picking up. Companies outside the financial sector are still generating good income growth. Dollar weakness is not necessarily a bad thing for the U.S.
The tourism sector is just one example...
Check out this Yahoo video about tourism in NY picking up.
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