Whoops, I sent the wrong message to the list. What I meant to say was sand was my thoughts about exports and a weak dollar. I cannot imagine that dropping the value of the dollar by 50% would make Nike start producing shoes in the United States. A weak dollar would probably discourage some imports, but I would think that the effect on exports would be rather marginal, especially because a falling dollar creates inflationary pressures at home. Today's Wall Street Journal had an article describing how rising oil prices are causing a price ripple throughout the economy.
-- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
