5/16/2006

Greenback will fall, Armageddon will not follow

As everyone is focused on the dollar weakness currently, a contrary opinion like this is helpful.
Market reaction in the past week to the dollar'’s drop sharply suggests many investors buy this Great Dollar Death Spiral story. They shouldn'’t. Handled properly, with careful nurturing by the US and other central banks, the dollar'’s fall should prove to be not a trap door through which the world economy disappears, but a pleasantly upholstered springboard, propelling it to further sustained growth.

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