Too Late to Ignore the World

For better or worse, I believe we are on a course for a permanent change in how we interact with the global economy. It may take some time for self perception to catch up with the realities, but there is a growing number of Americans who have a keen awareness that the rest of the world’s loyalty to the U.S. dollar is reaching a critical point. Nothing short of blatant protectionism and isolationism will stop the fact that more and more of what we need to buy is not going to be produced here. That’s why a weak dollar costs more jobs than it protects.