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Economic Recession: Weak dollar buying opportunity

Posted May 1, 2008

“The news isn’t all bad… Some U.S. companies are making the most of the weak dollar trend. How? By ramping up business overseas.” — Ann Sosnowski

by Ann Sosnowski

Baltimore – (TFN): In many ways, the weak dollar is making life harder for Americans. All the “stuff” we import, from oil and gas to children’s toys, has grown more expensive because of it.

But the news isn’t all bad… Some U.S. companies are making the most of the weak dollar trend. How? By ramping up business overseas.

While we Americans are famous for buying things we don’t make, it turns out we do still make stuff here at home. In the language of econo-speak, “durable goods” represents stuff with a lifespan of three years or more. Even as downturn fears grow, durable goods orders grew 1.5% last month… and a lot of those goods will be headed overseas.

Economic Recession: Hooray for multinationals

The American companies faring best right now are the ones that are diversified around the world. You can see this in recent earnings reports. Read on to learn which U.S. companies will thrive in the current economic climate.

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Posted by Ann Sosnowski · Filed Under US Stocks and Markets 

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