But is a weak dollar good for investment? A tanking dollar and dropping stocks is a double whammie for our friends across the pond....For years investment flowed into US asset markets. We now see net outflow.
Is a weak dollar better in the longer term? Maybe....
But, imo, it's not good for stocks - now.
But now is a time for correction, to correct imbalances & unwind excesses, and that'll happen in spite of Mr Greenspan and the powers that be.. Real correction is a process.... They can build dams and try to stem tides but water (like markets) finds it's own level....ultimately.
Time will tell how, and where, this secular bear ends.
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