Monday, January 28, 2008
Is U.S. Dollar Slowing Turning Into The Yen?
The U.S. financial crisis is starting to look eerily like Japan's: a real-estate bust after years of speculation, banks saddled with mountains of bad debt, interest rates heading lower as policy makers try to goose a slowing economy. The developments have some currency traders asking the previously unthinkable: Could the U.S. dollar slowly be turning into the Western equivalent of the yen? http://online.wsj.com/article/SB120147966674720853.html
Alfred Hitchcock's "Foreign Correspondent"