Why a Strong Dollar Is a Terrible Idea
The dollar needs to be dispassionately evaluated for the costs and benefits of any particular price it bears, not misunderstood as a totem of national vitality.
The dollar needs to be dispassionately evaluated for the costs and benefits of any particular price it bears, not misunderstood as a totem of national vitality.
AP | By LOUISE NORDSTROM | Posted 08.22.2011
STOCKHOLM -- Swedish fashion retailer Hennes & Mauritz AB on Wednesday blamed higher procurement costs as well as campaigns and special offers for an ...
WSJ | Alex Frangos | Posted 05.25.2011
Nobel Prize-winning economist Joseph Stiglitz, dismissing the Federal Reserve's quantitative easing as a "beggar-thy-neighbor" strategy of currency de...
AP | The Associated Press | Posted 05.25.2011
NEW YORK — Gold prices surged above $1,400 an ounce Tuesday as a weaker dollar pushed investors into the safe haven of precious metals. Gold al...
Forbes | Posted 05.25.2011
Ben Bernanke has no sure fire policy solution for economic stagnation. QE2, the $1 trillion quantitative easing expected, hoped for, prayed for, goss...
Posted 05.25.2011
When deciding where to travel abroad, an obvious point to consider is where your dollar will go farthest. For years, a European getaway was fun and ec...
Robert Reich | Posted 05.25.2011
It's no big accomplishment to create jobs by getting poorer. Our goal isn't just more jobs. It's more jobs that pay enough to improve our living standards.
Alan Schram | Posted 05.25.2011
Investors who should be looking for safe haven are, oddly, convinced that Washington will honor its long term fiscal obligations. That false sense of security is dangerous, because we are vulnerable to a crisis of confidence in the dollar.
Alan Schram | Posted 05.25.2011
For those concerned about incipient inflation resulting from the gargantuan monetary expansion and the budget deficits we are still running, the lack of inflation is confounding.
Simon Johnson | Posted 05.25.2011
It's the US that should be concerned about the effect if the euro moves too far and too fast. The euro depreciates, the dollar strengthens, and our path to recovery starts to run more uphill.
Zachary Karabell | Posted 05.25.2011
With China now accounting for nearly $1 trillion of American debt, the U.S. can't simply insist that it do something about its currency and expect action. Geithner has been right in not publicly calling out China.
AP | TALI ARBEL | Posted 05.25.2011
NEW YORK — The dollar dropped Friday after the government said the trade deficit widened in September, while the 16-nation eurozone officially e...
AP | STEPHEN BERNARD | Posted 05.25.2011
NEW YORK — Be careful what you wish for. Investors have been hoping for signs that the economy is strong enough to justify continuing Wall Stre...
Mike Elk | Posted 05.25.2011
What is "free trade"? What is "fair trade"? "Weak dollar" policy? "Strong dollar" policy? Most people don't know so conservatives can easily come in and label something as fair trade that isn't necessarily good for anyone.
nytimes.com | CAROL VOGEL | Posted 05.25.2011
French and Italian could be heard throughout Christie's salesroom Tuesday night as the fall auction season began unsteadily: While there were some str...
AP | Posted 05.25.2011
GENEVA — China rejected Monday the charge that it was keeping the yuan artificially low against the dollar, but rather blamed another "major economy...
Garrett Johnson | Posted 05.25.2011
The dollar will not be allowed to collapse. Instead its decline will be managed. This will include violent corrections that will savage any dollar bear who is trying to make a quick buck.
Diane Francis | Posted 05.25.2011
The bilateral talks, or G-2, between the U.S. and China have resulted in little substantive progress. This is because there is a continuing, inexplicable failure on the part of the U.S. with other countries to pressure China to curb its currency manipulation.
David Calleo | Posted 05.25.2011
The general trend toward a more plural dispensation of power, together with our own progressive loss of geopolitical and financial leverage, means a decline in our relative strength.
Dan Dorfman | Posted 05.25.2011
The precious metal, many gold traders gripe, is not getting the respect it deserves. A surge to new highs is just around the corner.
Michael Pento | Posted 05.25.2011
As long as we continue to substitute spurious growth models for genuine growth policies we will continue to lose global power and influence.
AP | CHRIS KAHN | Posted 05.25.2011
NEW YORK — A weakened dollar and evidence that OPEC has significantly slowed production sent oil prices soaring to new highs for the year Thursd...
James Freedman | Posted 05.25.2011
World Editorial Roundup for December 4, 2008.
AP | JESSICA MINTZ | Posted 05.25.2011
Slashing computer prices helped Dell Inc. boost sales in its fiscal second quarter, but the No. 2 PC maker's bottom line took a hit when efforts to cu...
AFP | Posted 05.25.2011
The weakened US dollar has fallen out of favor with organized crime groups to pay for drug shipments or to settle scores, a Canadian government report...
Ian Fletcher | Posted 10.19.2011