A dollar decline along with the yen is inevitable as India, China et al grow to make up a larger part of the global economy and deminish the % of the total world market we make up as consumers and producers. The decline would have already started if the Chinese would not be pegging their currency to ours.
Once they remove the peg, their goods will become more expensive and help shrink our defecit which will strengthen the dollar. But in the long haul our influence on the world economy should slowly decline. However, if our politicians and economists play the cards in a fiscally conservative manner, our role as safe haven & innovators in the world economy
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A dollar decline along with the yen is inevitable as India, China et al grow to make up a larger part of the global economy and deminish the % of the total world market we make up as consumers and producers. The decline would have already started if the Chinese would not be pegging their currency to ours.
Dec 18 18:42 pm
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All Comments by Cjhies »Considering a Dollar Decline [View article]
Once they remove the peg, their goods will become more expensive and help shrink our defecit which will strengthen the dollar. But in the long haul our influence on the world economy should slowly decline. However, if our politicians and economists play the cards in a fiscally conservative manner, our role as safe haven & innovators in the world economy