Hyperborea
Thinks s/he gets paid by the post
Link is probably good for up to a week.
http://www.theglobeandmail.com/servlet/story/RTGAM.20041204.wxdollar1204/BNStory/Business/
http://www.theglobeandmail.com/servlet/story/RTGAM.20041204.wxdollar1204/BNStory/Business/
Despite the plunge, experts warn, the dollar - for years, the darling of foreign exchange markets - is probably still overvalued. More importantly, they say, the U.S. dollar is in the midst of a long-term correction needed to rebalance a global currency and trade picture that is dangerously out of whack.
The correction poses sobering risks for global financial markets and probably has a few more years and another 15 to 20 per cent before it's over. No less an authority than former U.S. Federal Reserve Board chairman Paul Volcker warns that there's a 75-per-cent chance of a dollar-fuelled financial crisis within the next five years, unless Washington adjusts its economic policies.