Dynamic Dollar Duo: Obama and Volcker

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Like you, I don't trust Obama's strong dollar talk because his other words (increased government spending) do not instill confidence that he will support a strong dollar. The easiest thing to start addressing a strong dollar is start by doing something that both Wall Street and the Fed are loathe to want/do which is raise interest rates. This will dry up some domestic spending, but I think that will be more than offset by the increased foreign investment that we will be able to attract. Besides, we also need to start providing consumers incentive to save money. Low interest rates and high taxes don't currently provide that.

Chris of AZ 2:52PM August 08, 2008