I saw an article on New York Times today regarding winners and losers of a falling dollar.  If you have pay attention to the dollar in comparison to foreign currencies, you will see that US dollar has been in a decline in the past 12~18 months.  The price of gold has soared and the sell your gold commercial has run wild.  So what are the impacts on American household?

Positive:
- 401k & stock markets are recovering
- less global appetite for risky U.S. assets.
- trade deficit shrinks
- much needed jobs may be created.
- Chinese-made goods remain affordable.

Negative:
- energy costs more, driving up the cost of food
- dollar could fall more if foreign banks decides to sell their position. Leading to inflation and raising interest rates on loans.
- cost of European and Japanese products goes up
- travel abroad is more expensive

Check out the NY Time article. It is definitely worth a read.