who benefits from weak dollar?

[Rolo]

I´m affraid that if Bush do not find a stable value for the dollar, then foreign investors will soon find European bonds and stocks better than US... If I was a foreign investors and had $1000 worth of US bonds, then they would be 20-30% lower value today, then 1 year ago (if I was going to sell them that is). Now 20-30% might not create the panic in the stock market (lots of investors will probably wait for the markets to turn), but what if the dollar continue to decress in value, when will foreign investors start to think that their money are more safe elsewhere?

If foreign investors stops investing in the US or sell their US stocks/bonds etc. then it will have alot of consequences for both US economy, and also play a major role in the outcome on some international issues (ex. offshore tax plan from oecd, which the US have been fighting because of all the foreign investors investing in the US).

I have faith in Bush, and I do belive he knows what he is doing... but it is playing with fire - just like war you need good generals (and Bush do have some good ones ;-)))