Wednesday, March 16, 2005

MSNBC - Bottom Dollar

frontpage of newsweek- incredible shrinking dollar
lots of depressing articles and audio links
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1 comment:

Blouis said...

Great Summary. I really liked this line:

To prevent their currencies from rising against the dollar, Asian countries will buy as many surplus greenbacks as necessary. From year-end 1997 to year-end 2004, China's foreign-exchange reserves (invested heavily in U.S. Treasury securities) rose from $143 billion to $578 billion, South Korea's from $20 billion to $199 billion and Japan's from $220 billion to $834 billion

3/16/2005 10:20 AM

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