The Upside of a Sinking Dollar

By October 16, 2009Economy, Trade

From The Los Angeles Times, “Sliding dollar may be something to cheer about“:

By making American products cheaper for most foreign buyers, the dollar is helping many U.S. companies boost their overseas sales. The weakening dollar also gives domestic businesses a competitive edge at home, making their products cheaper than rival imports.

Good observations on the dynamics from Roy Paulson of Paulson Manufacturing Corp. in Temecula, Calif. which makes goggles and other protective gear.

The National Association of Manufacturers has honored Roy in the past as the Small and Medium-Sized Manufacturer Exporter of the Month.

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