Letters to the Editor
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there is a currency deflator
If you are an American company and you bring foreign earned wealth back to the US you gain a benefit from a weak dollar. You also happen to get some tax breaks.
Also, if IBM is hiring in Brazil, India and China it's because of costs there.
For Caterpillar, some estimate that HALF of all heavy construction equipment is currently in the Arab Gulf States being utilized in massive construction projects that result from the largest transfer of wealth from the western states to the OPEC states, EVER, in the history of the world.
So.....I guess that's good.