When you travel overseas, people will laugh at the fat, loud and poor (formerly rich) Americans.
But more seriously, companies such as Boeing and Caterpillar will benefit right away.
I don’t think that manufacturing will come back to America because, with automation, China will always be able to produce consumer goods for less no matter where the dollar is. Certain specialized manufacturing might make a come back.
Longer term, we might see double digit interest rates to attract foreign investments again. With high interest rates, housing might stay in the slump for a good 15 year period.
