10.12.2009 - Strong dollar supporters will create the next crisis
From Businessinsider.com: Economists should get rid of the terms 'strong' and 'weak' when discussing the dollar's value, and use words like 'heavy' and 'light' instead. It would do wonders to change the American public's perception that somehow a strong dollar must always be good. Well, PIMCO's global portfolio manager Scott Mather makes a pretty complete and concise argument why investors, and Americans, should not to fear a weak dollar. This is because a steadily declining dollar actually helps solve global imbalances which could cause the next U.S. crisis...................................Full Article: Source
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