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60 comments on A Dollar beyond the eighties

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BrianT on October 2, 2007 - 6:59am Permalink | Subthread | Parent | Comments top

Luis: There are problems associated with a fundamentally strong currency (Euro) and there are problems associated with a fundamentally weak currency (US dollar). The difference is that with a strong currency there are options (lowering interest rates, printing of said currency). With a fundamentally weak currency there are no easy fixes.

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Luis de Sousa on October 2, 2007 - 7:11am Permalink | Subthread | Parent | Comments top

Brian you're conceptually right, but as I wrote, we have interest rates at 4%, there's not that much room to steer.

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BrianT on October 2, 2007 - 7:24am Permalink | Subthread | Parent | Comments top

Luis: A global bidding war for declining oil exports is looming- a powerful currency is very important in that bidding war.

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