Winners From a Cheaper Dollar
My Marketplace commentary broadcast today celebrates the US export boom.
An economy as big as the U.S. cannot export its way out of recession. But the export surge does contain promising signals of the U.S. economy of tomorrow.
The U.S. is increasing its exports to China faster than to any other country -- despite China's manipulated currency. Computer technology and foodstuffs head the list of sales.
U.S. grain exports have surged to their second best year since 1982, as the droughts in Russia and Ukraine impelled those governments to halt international sales.
