Dollar's Slide Softens Economy's

Increased exports offset housing market collapse
By Colleen Barry,  Newser Staff
Posted Oct 1, 2007 1:44 PM CDT
Dollar's Slide Softens Economy's
Cargo containers are loaded for transport. American exporters are profiting from the dollar's weakness.   (Getty Images)

Even as the weakening US dollar has Americans dropping European vacation plans, some economists are finding a silver lining: A sudden upswing in exports that could help offset the tanking housing market. And while that jump was predictable, writes the Wall Street Journal, a limp greenback also works to slow one vital export: that of American jobs and factories.

Tourism is an industry keenly affected, akin to a boon in foreign tourists for Disney World, while Euro Disney slows to a crawl. And tourists in the US are opening their wallets: New York's Tiffany and Co. said spendthrift foreigners factored in a recent 31% jump in sales. But slow and steady, say economists, warning that a plunging dollar could tank the economy. (More money stories.)

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