http://zh.wikipedia.org/wiki/2007%E5%B9%B4%EF%BC%8D2012%E5%B9%B4%E7%92%B0%E7%90%83%E9%87%91%E8%9E%8D%E5%8D%B1%E6%A9%9F
The entire period of the current financial crisis is divided into four phases that differ in intensity of the crisis and sentiment prevailing in the world financial markets. In particular, we distinguish (i) crisis initialization (1 March 2007 – 16 March 2008), (ii) crisis culmination (17 March 2008 – 31 March 2009), (iii) crisis stabilization (1 April 2009 – 31 March 2010), and (iv) crisis fadeout (1 April 2010 – 31 March 2011). Hence, we are able to compare level of the exchange rate volatility and its character under different market and economic circumstances.
http://economics.about.com/cs/analysis/a/trade_deficit.htm
Since the U.S. Dollar is weak, shouldn't that imply we export more than we import (i.e., foreigners get a good exchange rate making US goods relatively cheap). So why does the U.S. have an enormous trade deficit?
In theory, a fall in the exchange rates will cause foreigners to buy more of our goods and us to buy less foreign goods. When the value of the U.S. Dollar falls relative to other currencies, the U.S. should enjoy a trade surplus, or at least a smaller trade deficit....
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