IMPORTS AND A WEAK DOLLAR

Tyler Cowen has an interesting article on the weak dollar in the Times today that is also discussed at economistsview.

Just so everyone would have a good view of imports market share I though I would publish this chart.

Discussion on the dollar often center on the impact of a weak dollar on imports. But this chart raises the question of how much the currency matters. Maybe the strength of the domestic economy is much more important then the dollar on this issue. Just something to think about.