Friday, November 2, 2007

Who is Benefitting from the Dollar’s Decline?

From the Charlotte Observer:

“The economy has slowed and the dollar is weakening -- not usually a winning combination for small U.S. retailers. But many of those who sell their goods online are finding that buyers from other countries are gradually making up a larger portion of sales.”

From The New York Sun:

“With the euro and the pound at record highs, visitors are flocking to New York City, making the hospitality industry one of the fastest-growing segments of the commercial real estate market.”

From CNN Money:

“One clear winner from the falling dollar: The $518 billion U.S. tourism industry. A weak dollar makes it more expensive for Americans to jaunt to London or other parts of Europe, but it also makes the U.S. a bargain destination for visitors from overseas.”

From MSNBC:

“While the economic shift likely would draw out some winners in the U.S. economy, such as companies that sell goods and services overseas, it would also likely sharply reduce America’s purchasing power and cause seismic shifts in some sectors of the economy. For example, factories once deemed too expensive to operate in the United States might again turn out products such as clothing that could become expensive to import.”

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