From my previous post:
"The chronic U.S. trade gap need not fuel a "precipitous" decline in the dollar, but the economy may be able to shrug it off if it did, Federal Reserve Chairman Ben Bernanke said on Tuesday.
"Although U.S. trade deficits cannot continue to widen forever, these deficits need not engender a precipitous decline in the dollar, nor should such a decline, were it to occur, necessarily disrupt financial markets, production or employment," Bernanke said in a letter to Rep. Brad Sherman, a California Democrat."
+++++++++++++++++++++++++++++++++
Amazingly that this statement was well received by the markets initially.
Gerry
- Forums
- ASX - General
- bernanke: us could withstand sharp dollar drop
bernanke: us could withstand sharp dollar drop, page-2
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online