Contributing Member of the Legal, Economic & Regulatory Affairs Councils

Names and details of certain GLG News authors are available only to GLG Clients and Council Members. GLG News authors are subject-matter experts within the GLG Councils and are available for expert consulting - by phone, in-person, or written analysis. To find out how to become a GLG client or Council Member, click here.

GLG News by this Author

Analyses are solely the work of the authors and have not been edited or endorsed by GLG.

GLG News is now G+ Insights

G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.

Dollar: Short-term Falls and Long-term Stability

September 23, 2008

Analysis of:The Death of the $ | maxkapital.wordpress.com

Every time the US economy passes through a financial crisis of sorts, it is fashionable to predict the end of the dollar or at least the demise of its strength. I feel that such prognosis has little significance for all the industry players with a sound product and competitive advantage brought about by technology and innovation. This in no way understates the loss prospects of all those who use tactics and speculation to make a quick buck, about whom none need feel sorry. If Uncle Sam really wanted to help the poor own up homes with no sub-prime crisis at all, the policy should have been one of providing home finance vouchers for the needy and deserving in order to bring down the burden of payments. In such a case a relatively modest budget allocation would have done the trick and helped the deserving instead of the present case of bailing out finance houses that have gambled. As long as the rest of the world continues to respect the $, short term falls mean little.

Page : 11 to 1 of 1

Subscribe to Updates

By RSS