Sunday, December 02, 2007
The Dollar - History vs. Headlines
Even though the "mainstream media" portrays the current dollar situation negatively, history seems to tell us "not to worry".
Of course that doesn't sell as well as "fear"...
Of course that doesn't sell as well as "fear"...
An article at Investors Business Daily puts things in perspective:
"The plunge in the dollar has turned normally calm voices strident and fearful. A weak currency, they say, spells catastrophe for the U.S. economy.
But like much conventional wisdom, this isn't true. Nor is it true that the dollar, to use one favorite recent word, has 'collapsed.'
You wouldn't know it, however, from recent headlines."
