Making Sense of the Dollar
Exposing Dangerous Myths about Trade and Foreign Exchange
by:
Marc Chandler
in:
Economics
Summary:
The book critically examines common misconceptions about the U.S. dollar's role in international trade and the global economy, debunking myths about trade deficits, currency manipulation, and the dollar's impending decline. It provides an in-depth analysis of the factors that influence foreign exchange rates and the impact of monetary policy on trade and economic stability.
Key points:
1. Dollar's Strength: Chandler argues that the U.S. dollar's fluctuations are normal and it remains a key global currency, despite beliefs that it's always declining.
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