The dollar may be sinking in value, but I don't see this as gloom and doom for the economy. It is actually a positive thing in many ways. For decades the dollar has been valued so highly above other currencies that it has made it extremely hard for US manufacturers to be competitive in the trade arena with other countries. This is why the United States almost always has a trade deficit, rather than a surplus - other nations simply have not been able to afford our products with the exchange rates as they were. Times are changing and the economy that was once limited to the United States is now becoming a true global economy right before our eyes. Sure the dropping value of the dollar is not without it adverse side effects, but it is not necessarily the gloom and doom it is made out to be. There is no hellfire and brimstone in the picture. On the contrary, the trade deficit of the US has actually been improving for the first time in a long time, and US manufacturers are getting the chance to compete in a global market which priorly left them out. The dollar dropping in value actually has given US manufacturing a push in the right direction, and will continue to help the United States trade competitively with the rest of the world.
