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Dollar Decline: A rational perspective on the current exchange rate dynamics

Posted November 22, 2007

“If you’ve been an academic economist looking for the end of US economic hegemony for twenty-five years, this is an exciting moment.” — Bob Barbera

Blogger’s Note: Now this is something you probably never expected to see at TFN — an NPR Morning Edition interview on an economic or financial subject! But as I indulged in an extra half hour of dozing and news-based half dreams this Turkey Day morning, NPR pulled off the unexpected: A lucid, intelligent, and hit-the-nail-squarely-on-its-tiny-head interview with Bob Barbera about the current dollar situation and outlook. I invite you to listen to it after you manage to steal away from the chattering guests at the Thanksgiving table. Unless, of course, you prefer the ritualistic Gregorian chants of the perma-bears… then off with you to the Daily Reckoning site!

NPR Morning Edition and TFN

Baltimore — (TFN): The U.S. dollar is in freefall after what in retrospect looks like four decades of undisputed global dominance. It hit an all-time low against the euro (even though sticklers would argue “all-time” really just means “post-2002″ if you want to compare apples to apples). A few weeks ago, it reached parity with the Canadian dollar for the first time in more than 30 years. Some analysts think this portends a major shift of economic and political power in the world.

Economist Bob Barbera discusses why the U.S. dollar has been falling and just why US consumers have barely felt the effect with NPR’s John Ydstie.

Click here to listen to the interview.

***Don’t forget to watch this weekend’s Smart Trading Action Alert: Smart Trading Action Alert: Given the beating some blue chips have taken in recent weeks, select small-cap stocks now provide opportunities for safe profits. Ian Cooper explains.

****Make sure you sign up for our FREE TFN News Feed for breaking news, special reports and new financial videos. Click here to pick your favorite reader. If you prefer to have the feed delivered to your email, just click here.

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