US dollar holds global economy its hostage

News Type: Opinion — Seeded on Wed Feb 27, 2008 11:03 AM EST

Article Source: Pravda

The dollar's depreciation against major currencies, then against all world currencies, imposes a burden on the world economy. It preoccupies the political and economic strategies in the developed world, in emerging nations, and in oil-exporting countries. Expectations by the World Bank, the International Monetary Fund, major central banks, and other economic analysts indicate that the American currency will continue to depreciate, at least until the end of the current year.

Published to:

Pasi's Column, All of Newsvine
Groups: none
Regions: none

Public Discussion (6)

What's this?

Who's leading the conversation?

This visualization below allows you to see the impact that each user has on the current conversation. The top row contains the group of users who have had the most impact, the 2nd row the group of users who have had the 2nd most impact (et cetera). Users with similar impact are grouped together, and the average score of the group is shown to the left of the group. The author of the article is also shown on the left, in their corresponding group. Each user's score is based on the number of comments the user has made plus the number of votes their comments have received. The scores are calculated relative one another, so while their absolute value is not particularly important, their relative difference does indicate a larger difference in impact on the conversation.

2.5

{"commentId":1514056,"authorDomain":"SVForbes"}

ShaunV

It also seems that the decline of the dollar has negative implications on three levels, not only on the US but also on the global economy. In the US, the weak dollar achieved a significant surplus in the trade balance deficit, a surplus that would have been impossible were it not for the mounting export of quality US goods to international markets at competitive prices. In addition, the appreciation of other currencies compelled institutions in the region and on the eastern coast of the Atlantic to invest in United States.

That's likely accurate, IMO.

{"commentId":1514056,"threadId":"225955","contentId":"1329149","authorDomain":"SVForbes"}

2 votes

#1 - Wed Feb 27, 2008 11:25 AM EST

{"commentId":1514966,"authorDomain":"Pasi"}

PasiDeleted

{"commentId":1515833,"authorDomain":"newbroom"}

newbroom

Pray tell....what are they buying? Guns and bullets? What does the US make? Likely it's just that buyers foreign to the US are merely enabling US middlemen to sell cheap goods from their slave nation sources...

{"commentId":1515833,"threadId":"225955","contentId":"1329149","authorDomain":"newbroom"}

1 vote

#1.2 - Wed Feb 27, 2008 8:27 PM EST

{"commentId":1516596,"authorDomain":"Pasi"}

PasiDeleted

{"commentId":1516778,"authorDomain":"newbroom"}

newbroom

Ok...maybe the Martin guitar is made in the USA...but...electronics?...that could be a real treasure hunt.

{"commentId":1516778,"threadId":"225955","contentId":"1329149","authorDomain":"newbroom"}

1 vote

#1.4 - Thu Feb 28, 2008 5:13 AM EST

{"commentId":1516790,"authorDomain":"Pasi"}

PasiDeleted

{"canLink":false,"threadId":"225955","isPrivate":false}

PASI

Backyard

US dollar holds global economy its hostage

Published to:

FUN STUFF:

COMPANY STUFF:

LEGAL STUFF: