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Making Sense of the Dollar: Exposing Dangerous Myths about Trade and Foreign Exchange
Has the greenback really lost its preeminent place in the world? Not according to currency expert Marc Chandler, who explains why so many are--wrongly--pessimistic about both the dollar and the U.S. economy.
"Making Sense of the Dollar" explores the many factors--trade deficits, the dollar's role in the world, globalization, capitalism, and more--that affect the ...more
"Making Sense of the Dollar" explores the many factors--trade deficits, the dollar's role in the world, globalization, capitalism, and more--that affect the ...more
Hardcover, 212 pages
Published
August 19th 2009
by Bloomberg Press
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This book shows how American's aren't actually in that bad of shape with the current recession. Chandler states that, "The credit crisis of the U.S. dollar, nor will the euro or yuan replace the dollar as the world's currency. The U.S. economy is much more durable and innovative than people suppose, even in the face of market turmoil. Policy makers, investors - and the public - need to start thinking about the dollar and trade in a different way."
Here are just a few example...more
Here are just a few example...more
Not convinced by this. My problem is more with the rigor of the analysis than the conclusion. The arguments are more ideological than empirical, and the writing is repetitive and at many points irrelevant to his thesis. There are good and even thought-provoking points made on the nature and fundamental technological competitive of the US economy -- which I do not disagree with -- but these appear to me less than critical to thinking about dollar strength/weakness. A big omission is complete fail...more
Cantankerous currency exposé
Marc Chandler is one of the most widely respected, prolific pundits on currency markets and foreign exchange. In this book for lay readers, he summarizes “dangerous myths” about currency markets and foreign exchange. The myths are dangerous because they can lead to the kinds of mistakes in public opinion that generate disastrous political and economic policymaking. getAbstract recommends this accessible book and finds that Chandler does an excellent job o...more
Marc Chandler is one of the most widely respected, prolific pundits on currency markets and foreign exchange. In this book for lay readers, he summarizes “dangerous myths” about currency markets and foreign exchange. The myths are dangerous because they can lead to the kinds of mistakes in public opinion that generate disastrous political and economic policymaking. getAbstract recommends this accessible book and finds that Chandler does an excellent job o...more
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