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Member Since: 6/2007

Can a dollar devaluation be avoided?

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Recent days have seen the dollar sink further against both the euro and sterling. Meanwhile, America's trade deficit continues to grow. Is a balance of payments crisis on the cards?

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{"commentId":872129,"authorDomain":"PHATjoe"}

Pretty scary stuff. The US desperately needs to increase exports to offset this deficit, even despite being a large exporter already, because even with a lowering dollar, a decrease in exports can mean stagflation.

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    Reply#1 - Tue Jul 17, 2007 10:11 AM EDT
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