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Business Week: Dollar Collapse May Be Catastrophic


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http://www.businessweek.com/globalbiz/cont...0427_608325.htm

APRIL 27, 2006

INSIGHT

By Jesper Koll

Protection from a Falling Dollar
Merrill Lynch's Jesper Koll argues that Japan, China, and Europe must focus on domestic growth and beat the U.S. at its own game
DOOMSDAY SCENARIO. Whether a strong dollar is in America's best interest is debatable. Yet there can be no question that a strong dollar reflects global confidence in U.S. economic leadership. But before long, the dollar becomes overvalued and the current account deficit gets unsustainably large.

If Bernanke wrong steps the US economy 1929 will look likea mild localized recession in comparison to a global meltdown.

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http://www.businessweek.com/globalbiz/cont...0427_608325.htm

APRIL 27, 2006

INSIGHT

By Jesper Koll

Protection from a Falling Dollar
Merrill Lynch's Jesper Koll argues that Japan, China, and Europe must focus on domestic growth and beat the U.S. at its own game
DOOMSDAY SCENARIO. Whether a strong dollar is in America's best interest is debatable. Yet there can be no question that a strong dollar reflects global confidence in U.S. economic leadership. But before long, the dollar becomes overvalued and the current account deficit gets unsustainably large.

If Bernanke wrong steps the US economy 1929 will look likea mild localized recession in comparison to a global meltdown.

There seems to be a lot more news and analysis of US economy. What about the UK? What would be the outcome of a $ collaspe on the £? Is it worth hedging against all this by opening a Euro account?

I'm confused!!

:huh:

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