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Markets Misread, U.S. Dollar Overpriced »

Posted by: Neophile 1 year, 9 months ago
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A misunderstanding by financial markets of the so-called "strong dollar" mantra preached by U.S. officials is helping keep the U.S. currency overpriced and contributing to bloated external deficits

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Comments: 2
  • Avg rating: (+0/-0 0)rumple4skin
    rumple4skin
    Jan. 8, 2007, 4:13 p.m.

    Would it matter if dollars were backed with gold reserves or other precious metals?

    • Avg rating: (+5/-0 5)jovial
      jovial
      Jan. 8, 2007, 4:36 p.m.

      It becomes obvious that the dollar is decreasing in value to people that trade in various currencies. The dollar has been falling for some time in relation to various currencies.

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