Robert Hodrick on the dollar and forex.
Money: The Dollar's Depths, Explained - US News and World Report:
"...the U.S. current account deficit is about $800 billion a year, which means every business day we buy in excess of $3 billion of foreign goods and services more than foreigners buy here.
US NEWS: Which also means that every day, foreigners invest $3 billion in the U.S. economy.
Right. And our asset prices, interest rates, exchange rates, and stock prices adjust continuously to make this happen."
Be sure to read PAGE TWO--it is better than page one.