Tuesday, December 19, 2006

Dollars, Debt and the Trade Gap, Thoughts on the Dropping Dollar

Dollars, Debt and the Trade Gap, Thoughts on the Dropping Dollar - WSJ.com: Two economists debate what the dollar's recent slide means for trade, interest rates and growth.

"The Online Journal asked economists Menzie Chinn, of the University of Wisconsin-Madison, and Kash Mansori, of Salem College, to discuss the dollar's recent drop, their long-term outlooks for the currency and how the dollar's value could affect everything from interest rates to the bloated U.S. current account deficit, which rose to of $225.6 billion -- or 6.8% of gross domestic product -- during the third quarter."

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