The sliding dollar: both boon and bane

A weaker dollar, over time, could help the world economy become better balanced - with America less reliant on borrowing and Asia less dependent on exports to fuel development. But currency realignment also holds risks. It would impose some hardship on Americans, and on the many nations that sell goods to them. A sudden shift could jolt US consumers with higher prices at a time when some economists worry about a possible recession. Full Story »

Posted by Autumn Carlson
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Subjects: U.S., Business
Topics: U.S. Economy
Member Tags: currency market dollar euro international trade deficit
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Tom Cox
5.0
by Tom Cox - Oct. 1, 2008

An exceptional treatment of a dry and difficult subject, in the best CSM tradition. Very clear and well written.

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Mike LaBonte
3.8
by Mike LaBonte - Oct. 1, 2008

Three sources, but it's not clear where most of the information comes from. List of reasons for the dollar's slide omits the ongoing pressure for oil producing countries to demand euros instead of dollars for oil, which most recently made the news Dec. 8. Overall this is just an introductory look at the dollar situation, but it's easy to read.

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Ed Zingaro
4.5
by Ed Zingaro - Oct. 1, 2008

I know less than nothing about economics yet this story made perfect sense to me. It is very well composed, totally understandable, and quite interesting.

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Autumn Carlson
5.0
by Autumn Carlson - Oct. 1, 2008

Excellent and wide-ranging synopsis understandable by someone with little or no experience with economics.

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Jerry Scott
4.1
by Jerry Scott - Oct. 1, 2008

The article provided some insight and historical perspective on most of the dynamics rising from a falling dollar. Nice to know a falling dollar had good impacts in the past.

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