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US Dollar

End of the Dollar Dictatorship? Hugo Chavez and Latin Leaders Hope to Bury the Greenback

Nikolas Kozloff | Posted 05.25.2011 | World
Nikolas Kozloff

The Sucre will act as a payment compensation mechanism and allow ALBA nations in Latin America to reconcile accounts when they carry out commercial transactions in local currency.

Please Mr. Geithner, Don't Pass the Buck on the Dollar

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

It looks like the plan the U.S. wants to pursue is to continue to discourage foreign investment, punch our bankers (the Chinese) in the nose, and punish those who are savers by crumbling our currency.

Here Comes the Story of the "Hurricane"

Dylan Ratigan | Posted 05.25.2011 | Business
Dylan Ratigan

Wall Street may claim the crisis was caused by a perfect storm, but the only thing perfect about it was their ability to line their pockets at the expense of our country.

Superfusion: How China and America Became One Economy and Why the World's Prosperity Depends on It

Zachary Karabell | Posted 05.25.2011 | World
Zachary Karabell

Nothing will shape domestic life and prosperity in the United States more than the emergence of China as a global economic superpower.

Childhood Christmas Wonder Reborn in a Place You'd Never Guess (Hint: They're Too Big to Fail, Too)

Yvonne R. Davis | Posted 05.25.2011 | World
Yvonne R. Davis

I experienced the rebirth of the hope, excitement and magic of this holiday -- and of all places, where it came together for this resurrection was at the Wafi Mall in Dubai.

The IMF Catapults From Shunned Agency to Global Central Bank

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

The U.S. can settle its debts and get its own house in order, but that would cause world trade to contract. A substitute global reserve currency is needed to fuel the global economy while the U.S. solves its debt problems.

Big Deficit, Bob Rubin, and the Strong Dollar

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Does Robert Rubin know that his strong dollar policy directly contradicts his fixation with low budget deficits? Either he is ignorant of the fundamentals of economics or he is dishonest.

China and the United States -- a Marriage of Convenience

Zachary Karabell | Posted 05.25.2011 | World
Zachary Karabell

For a 21st century relationship, this looks increasingly like a 19th century marriage, one of convenience and necessity rather than love and affection.

BRIC Summit Sees End of Dominance of U.S. Dollar

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

The BRIC has just held its first summit, and has emerged with a pointed gun aimed at the U.S. dollar.

The Plummeting Dollar Prosperity Plan

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

As long as we continue to substitute spurious growth models for genuine growth policies we will continue to lose global power and influence.

Roubini: China's Renminbi Will Likely Overtake US Dollar As World Currency

New York Times | NOURIEL ROUBINI | Posted 05.25.2011 | Business

THE 19th century was dominated by the British Empire, the 20th century by the United States. We may now be entering the Asian century, dominated by a ...

Dollar Doomed, Gold Glitters

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

In a G2 world (the US and China), he who is the piper calls the tune and China holds a US$2-trillion mortgage on the U.S. and is not happy.

Will Obama Trash the Dollar and Support a Global Currency?

Eben Esterhuizen | Posted 05.25.2011 | Business
Eben Esterhuizen

A global currency might be attractive to central banks looking for an alternative to the U.S. dollar, but it won't be an easy adjustment for the U.S., the country that will likely feel the most pain.

Europeans See Euro As Overtaking Dollar: FT Poll

Financial Times | Ralph Atkins | Posted 05.25.2011 | Business

The euro could overtake the dollar in global importance in the next five years, a large majority of continental Europeans believe, according to a poll...

Recession Trend Tracker: What's Hot, What's Not

Jill Keto | Posted 05.25.2011 | Style
Jill Keto

Check back weekly for my "In and Out" chart following the most fabulous, ridiculous, and relevant events in the economy....

American Voters Abroad: No Double Taxation Without Real Representation

Gail McGowan Mellor | Posted 05.25.2011 | Home
Gail McGowan Mellor

Expats have a high chance of not getting to fully participate in this election. One million absentee ballots were requested in the 2006 midterm election but only a third of those votes were counted.

Spend Your Way Out of Debt America: The government's solution to Wall Street's crisis is--surprise, surprise-- borrowing more money.

David Sax | Posted 05.25.2011 | Business
David Sax

For all the talk about the fundamentals of the American worker or $1000 tax rebates for middle class families, the candidates should really square up and talk about weaning America off the debt teat.

Rising Prices Stoke Inflation Fear

Washington Post | Neil Irwin | Posted 05.25.2011 | Business

Prices have been soaring long enough and fast enough, economists say, that the nation is at risk of a self-reinforcing cycle of inflation like that ex...

U.S. Economy Huge Winner in Future

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

As financials struggle, the Fed's interest rate cuts have weakened the dollar even more, which greatly benefits exporters and multinationals. For most, the credit meltdown is only starting.

Perception Surges & Reality Retreats

Max Fraad Wolff | Posted 05.25.2011 | Politics
Max Fraad Wolff

There is an unusual disconnect between general opinion, policy and reality.

Wall Street's Next Big Bailout?

Eben Esterhuizen | Posted 05.25.2011 | Business
Eben Esterhuizen

Perhaps Wall Street's ultimate bailout will come when central banks coordinate efforts to save the U.S. dollar.

Dollar Rebound in 2008: A Fairy Tale?

Eben Esterhuizen | Posted 05.25.2011 | Business
Eben Esterhuizen

Are traditional assumptions about the connection between growth and proactive interest rate cuts still valid if monetary policy fails?

"Euros Accepted" Signs Invade New York

Reuters Via USA Today | Posted 05.25.2011 | Business

In the latest example that the U.S. dollar ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency...

Gold Rallies After Fed Cuts Rates

Financial Times Via AP | Javier Blas | Posted 05.25.2011 | Business

Gold prices rallied on Tuesday after the US Federal Reserve cut interest rates in an emergency meeting in an effort to prop up the weakening US econom...

US And Canadian Dollars Equal In Value For First Time Since 1976

ABC News | CHARLES HERMAN | Posted 05.25.2011 | Business

The Canadian dollar has reached parity with the U.S. dollar for the first time since 1976. They are now equal in value. The euro also soared to its hi...