Home > Solution-Problem, The Outsiders > A strong dollar, free trade, and economic tradeoffs
  1. January 31, 2012 at 9:55 AM

    To recap… The dollar had the hammer for all of yesterday, marking the third consecutive day of dollar strength… But then US Treasury Secretary Geithner said that the weak dollar was in our national interest… The US markets didn’t react to the statement, but the Asians did, and that has a currency and precious metals rebound in place this morning. China raised its interest rate for the first time in three years yesterday, doing what they feel they need to do to calm down their housing market, and Brazil is attempting to weaken the real once more… We’ll have to wait-n-see how long this attempt lasts!

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