U.S. Dollar Continues To Weaken
The U.S. dollar continues to take a dive in value, but why? I thought our recession was slowing. I thought there was light at the end of the economic tunnel. What is going on? Why are world leaders now entertaining the idea of weakening the dollar to rebalance the worldwide economic situation [Article – FX COLUMN-Global rebalancing to weaken dollar, quietly]? There are several ideas, but we are not helping ourselves through reckless economic policies. Is it ignorance on the part of the Obama administration and the Federal Reserve or is it a calculated maneuver? I shudder at the thought of either one or the other.