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| | |-+  Dollar faces long journey downward
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Author Topic: Dollar faces long journey downward  (Read 143 times)
theudemeister
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« on: October 13, 2009, 12:46:08 PM »

http://blogs.reuters.com/great-debate/2009/10/13/dollar-faces-long-journey-downward/

Quote"For policymakers, and not just U.S. ones, the puzzle is how to allow the dollar to fall gently without precipitating trade friction or a disastrous loss of confidence. Because it’s more or less in everyone’s interest, it will probably more or less be avoided. A weaker dollar, though, is simply consistent with the outlook for the U.S.

A long shamble downwards rather than a fall off a cliff looks to be in the dollar’s future."


I don't see how a quick precipitous plunge in the dollars value is avoidable. I call misinformation.
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