MAKING SENSE OF THE DOLLAR

Making sense of the Dollar explores the may factors trade deficits, the dollar's role in the world, globalisation, capitalism, and more that affect the dollar and the US economy. The author Marc Chandler, who has also been covering the global capital markets for twenty years as a foreign exchange strategist for Wall Street firms, explains i his book as to why so many are wrongly pessimistic about both the dollar and the US economy.

Chandler's research substaintiates a positive view of the US dollar, and the book is perfectly timed, given the critical juncture in global currency markets where the outlook for the US dollar is under serious serutiny.The book also exposes the misconceptions about US competitiveness, affirms the strength of the dollar, and applauds the resilience of the American consumer thereby making it a good read for bothe expert as well as the lay person.

Rather than offering advice on trading currenciesor getting rich in the foreign exchange market, Chandler focuses on the flixible labour market strategy US businesses have evolved to competees in an international political economy of volatile foreign exchange prices. Chandler states, The credit crisis of the US dollar nor will the Euro or Yuan replace the dollar as the world's currency The US economy is much more durable and innovative than people suppose, even in the face of market turmoil. Policy markers,investors and the public need to start thinking about the dollar and trade in a different way.

published 1 year ago

shoaib

150 points