IPod, China and the falling dollar

Andy Kessler weaves an interest thread with his opinion piece in today’s Wall Street Journal. He points out that the mega success of IPod might have something to do with US deficit and the falling dollar. “A lower dollar means foreigners get a needless discount on our productive stuff — Pentiums and iPods, Windows XP and Oracle databases, and Cisco routers. They have to buy them anyway to run their economies (well, maybe not iPods) so why discount?,” he writes. Highly recommend reading this very well put together argument, even though it is hidden behind the WSJ subscription wall. Andy is at his wicked best! Here is a link to the piece on his website, which is much easier than dealing with WSJ pages.

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