Showing posts with label Yen. Show all posts
Showing posts with label Yen. Show all posts
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
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