Tuesday, March 17, 2009
Why the dollar will get even stronger
"Other countries which went on huge spending binges are now faced with huge debt burdens, crashed property markets and wrecked banking systems. Understandably, their currencies have plunged. Yet the US – which faces all these problems – has seen the dollar sail ever higher. Baffling as it may look, there is an explanation. The dollar is not like other currencies. Indeed, it's so exceptional that further gains are still perfectly possible while the crisis continues..."