Thursday, March 13, 2008

It's not the end of the Dollar

The BBC has two excellent articles on the US economy, 2008 - the return of the dollar? and US economy at a glance. To summarize their main point: it's not time to break out the lifeboats just yet. The U.S. economy is undoubtedly weak, however it doesn't seem massively unstable like it was prior to the dot com recession, or the Great Depression. "The return of the dollar?" suggests that the current devaluation of the dollar relative to the euro is partially a result of an over valuation of the euro, and forecasts that a rebound could be in the works. I still harbor doubts about our economies long term future; however I'm not an economist.
Robert Alverson


No comments: