Dollar Dips
http://www.nytimes.com/2009/10/19/bu.../19dollar.html
The concerns seem to be a loss of financial pull if the dollar is replaced as the premier reserve currency. Will some manufacturing benefit? Perhaps. And to entice Europeans to buy our treasuries, it will require, drumrolls please, raising interest rates. Hallelujah! F. Obama and his acolytes. |
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F. him and all his acolytes. F. Bush for the weak dollar. |
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