10-22-2009, 03:22 PM | #1 |
Assistant to the Regional Manager
Join Date: Aug 2005
Location: The Orgasmatron
Posts: 24,338
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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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