Strength Is Weakness (@NYTimeskrugman @nytimes)

With the euro trading nearly 1 to 1 with the US dollar, it has never been a better time to travel to Europe. But what does the falling euro mean for the US economy? According to Paul Krugman, it's bad news.

Full article on The New York Times

"Far from heading downstairs to debasement, the dollar has soared through the roof. (Sorry.) Over the past year, it has risen 20 percent, on average, against other major currencies; it’s up 27 percent against the euro. Hooray for the strong dollar! 
Or not. Actually, the strong dollar is bad for America. In an immediate sense, it will weaken our long-­delayed economic recovery by widening the trade deficit. In a deeper sense, the message from the dollar’s surge is that we’re less insulated than many thought from problems overseas."






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