I happen to agree with this guy. The pessimism concerning the USD is way overblown. Yes we hit a bad bump here but most European countries and Japan carry a much bigger debt to GDP ratio than the USA. Just a reminder of history, during WW2 the USA carried twice the amount of debt to GDP than we are now and that didnt cause hyperinflation or all the other doom and gloom being predicted now. So Read and enjoy. Just an opinion.
Has the greenback really lost its preeminent place in the world? Not according to currency expert Marc Chandler, who explains why so many are—wrongly—pessimistic about both the dollar and the U.S. economy.
Making Sense of the Dollar explores the many factors—trade deficits, the dollar’s role in the world, globalization, capitalism, and more—that affect the dollar and the U.S. economy and lead to the inescapable conclusion that both are much stronger than many people suppose.
Marc Chandler has been covering the global capital markets for twenty years as a foreign exchange strategist for several Wall Street firms. He is one of the most widely respected and quoted currency experts today.
http://www.ordering1.us/bloombergboo...ct.php?pid=345
Has the greenback really lost its preeminent place in the world? Not according to currency expert Marc Chandler, who explains why so many are—wrongly—pessimistic about both the dollar and the U.S. economy.
Making Sense of the Dollar explores the many factors—trade deficits, the dollar’s role in the world, globalization, capitalism, and more—that affect the dollar and the U.S. economy and lead to the inescapable conclusion that both are much stronger than many people suppose.
Marc Chandler has been covering the global capital markets for twenty years as a foreign exchange strategist for several Wall Street firms. He is one of the most widely respected and quoted currency experts today.
http://www.ordering1.us/bloombergboo...ct.php?pid=345