[Lon]

The devalued dollar is by design and is quite necessary in light of current deficits. It is not that much of a negative, in that, foreign goods are now more expensive and U.S. exports are cheaper abroad. In theory, this should create more expansion and hiring by U.S. businesses as they steadily grow the economy. Europe will suffer the most with the U.S. $ devalued. Could this be payback by the Bush administration? China could pose the biggest problem if they sell off Gov. paper en masse. This scenario has happened before and the U.S. has survived. Time will tell with the current scenario. Me? I am optimistic, long term.