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will work for U.S. dollar?

Since the US dollar is the reserve currency of the world, does that mean that other countries have to convert their own currency to US dollar to pay for their imported products? let's say for example.. if Thailand wants to import products from Japan, does Thailand have to convert its national currency...

Posted to Economics Questions by Peter Griffin on Tue, Jun 24 2008

Fed urged to control asset bubbles...yeah, right!

The Fed is being urged to be more aggressive in controlling future asset bubbles. Fed governor, Frederic Mishkin, gave a speech May 15th suggesting the Fed should use its regulatory powers "aggressively and pro-actively to limit the threat from future asset price bubbles." The Fed could eliminate...

Posted to Cigars, Scotch and Anarchy by libertyboom on Sat, May 17 2008
Filed under: monetary policy, bubbles, asset bubble, Mishkin, Fed, dollar, inflation

What stocks to invest in now?

There was a similar thread recently, but I wanted to expand on the scope of the last one. Mainly, what specific stocks should someone begin buying to profit on the demising dollar? I was thinking about Peter Schiff's "Crash Proof," but it has relatively poor reviews on Amazon because Schiff...

Posted to Economics Questions by krazy kaju on Thu, May 8 2008

Will the £ crash?

The same economic mistakes as in the US with the difference that half of the world has it in their best interest to save the $ - in short: remnibi, oil prices, exports, those "triple-A" US government bonds etc. - while nobody gives a hoot about the £. In the last few days the $ got even gained...

Posted to General by Miklos Hollender on Mon, Mar 17 2008