The Agurban from Boomtown Institute - Are we near the end of the Dollar Down Cycle?
| June 3, 2008 |  View for printing |
The argument that the declining US dollar implies the end of US leadership in the global economy is flawed. The US dollar's slide is by no means unprecedented. The US currency has gone through periods of strength followed by periods of weakness throughout history.
In the past, cycles of dollar strength and weakness have lasted between seven and ten years. We are already six years into the current down cycle which began in February 2002. If we repeat the pattern of the early 1990s, following the last housing bust, the dollar may stabilize in the next year or so, but a meaningful recovery in its value could be a couple years off.
Despite what many TV commentators might like to scare everyone with a "the sky is falling" tactic, companies that are exporters are enjoying the low dollar. Examples are agricultural products, machinery producers and others.
The Blog Log Visit my weblog to see where I've been and what I have learned along the way.
On the road again... In addition to my travel blog I'll list my upcoming engagements in each issue of The Agurban. Come see me when I'm in your neighborhood!
Jack's Schedule
Upcoming Speaking Engagements:
June 4, 2008 - Pembroke, NC - Small Town Summit July 23, 2008 - Madison, IN - Madison-Jefferson County EDC
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Jack Schultz is the CEO of Boomtown Institute and Agracel Inc., an industrial development firm majoring in rural America, author of Boomtown USA, and speaker. Boomtown Institute serves as an economic development mentor to communities across the United States, leading communities to realize their full potential.
Visit the Boomtown Institute website at www.boomtowninstitute.com Keep up with Jack as he tours the country on his blog! Read past Agurbans at Agurban Archives. To learn more about Agracel visit www.agracel.com.
email: agurban@boomtowninstitute.com
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