A Brief History of the Dollar
Some people are saying that the dollar's days are numbered. Maybe so. Let's look at the dollar's long history, and see how we got to where we are today.
Some people are saying that the dollar's days are numbered. Maybe so. Let's look at the dollar's long history, and see how we got to where we are today.
Michael Pento | Posted 10.26.2009 | Business
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.
Nikolas Kozloff | Posted 10.23.2009 | World
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.
AP | DIRK LAMMERS | Posted 10.20.2009 | Business
Despite persistently low demand, prices for gasoline have spiked over the past week along with crude oil, threatening one of the very few points of re...
Zachary Karabell | Posted 10.16.2009 | World
Nothing will shape domestic life and prosperity in the United States more than the emergence of China as a global economic superpower.
Eric C. Anderson | Posted 10.07.2009 | Business
Uur former benefactors would now like to diversify their foreign exchange reserves in a manner that reduces losses before the dollar is only useful when hauled to the grocery store in wheelbarrows.
Ellen Brown | Posted 10.01.2009 | Business
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.
Dean Baker | Posted 11.08.2009 | Business
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.
Zachary Karabell | Posted 08.28.2009 | World
For a 21st century relationship, this looks increasingly like a 19th century marriage, one of convenience and necessity rather than love and affection.
Sheldon Filger | Posted 07.18.2009 | Business
The BRIC has just held its first summit, and has emerged with a pointed gun aimed at the U.S. dollar.
Michael Pento | Posted 07.07.2009 | Business
As long as we continue to substitute spurious growth models for genuine growth policies we will continue to lose global power and influence.
New York Times | NOURIEL ROUBINI | Posted 06.14.2009 | 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 ...
Diane Francis | Posted 06.06.2009 | Business
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.
Eben Esterhuizen | Posted 05.08.2009 | Business
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.
Financial Times | Ralph Atkins | Posted 01.29.2009 | 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...
Jill Keto | Posted 01.21.2009 | Style
Check back weekly for my "In and Out" chart following the most fabulous, ridiculous, and relevant events in the economy. ...
Gail McGowan Mellor | Posted 12.04.2008 | Home
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.
David Sax | Posted 10.20.2008 | Business
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.
Washington Post | Neil Irwin | Posted 06.11.2008 | 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...
Diane Francis | Posted 06.07.2008 | Business
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.
Max Fraad Wolff | Posted 06.06.2008 | Politics
There is an unusual disconnect between general opinion, policy and reality.
AP | JOHN WILEN | Posted 04.25.2008 | Business
NEW YORK — Retail gas prices pushed past a record high $3.40 a gallon Thursday, fulfilling expectations that they'll keep climbing toward $4 as ...
Eben Esterhuizen | Posted 03.28.2008 | Business
Perhaps Wall Street's ultimate bailout will come when central banks coordinate efforts to save the U.S. dollar.
Eben Esterhuizen | Posted 03.28.2008 | Business
Are traditional assumptions about the connection between growth and proactive interest rate cuts still valid if monetary policy fails?
AP | MATT MOORE | Posted 03.28.2008 | Business
FRANKFURT, Germany — The dollar's plunge continued unabated Thursday, striking record lows after the European Central Bank kept its benchmark ra...
Nathan Lewis | Posted 11.06.2009 | Business