President Donald Trump told CNBC in January that "ultimately I would like to see a strong dollar." Nobody really believed that, since Trump said a year earlier that the greenback was too strong and "it's killing us." The truth is, a weaker dollar would go a long way toward narrowing the chronic trade deficit – something Trump obsesses over — by making U.S. goods less expensive overseas. But someone needs to explain to Trump that at this point in time, the upside to a stronger dollar outweighs the downside. Consider that foreign investors own about half the U.S. debt outstanding. In effect, those investors are ... (full story)