| Topic: |
Religions > Atheism |
| User: |
"maff" |
| Date: |
02 Dec 2004 03:54:56 PM |
| Object: |
OT: The passing of the buck? |
The passing of the buck?
http://www.economist.com/finance/displayStory.cfm?story_id=3445928
Dec 2nd 2004
From The Economist print edition
America's policies are putting at risk the dollar's role as the
world's dominant international currency
FORECASTING exchange rates is an inexact business. As Alan Greenspan,
the chairman of America's Federal Reserve, once said, the activity
"has a success rate no better than that of forecasting the outcome of
a coin toss." Recent years have borne this out: most currency
forecasters would actually have done better if they had simply tossed
a coin—at least they would have been half right. Yet over the next few
years it seems an excellent bet that there will be a large drop in the
dollar.
Alan Greenspan
http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&selm=18510aff.0406060223.257b88d5%40posting.google.com
Dollar
http://groups.google.com/groups?hl=en&lr=&selm=18510aff.0410281257.436861%40posting.google.com
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