Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown by Wiedemer David & Wiedemer Robert A. & Spitzer Cindy S

Author:Wiedemer, David & Wiedemer, Robert A. & Spitzer, Cindy S. [Wiedemer, David]
Language: eng
Format: mobi
Publisher: John Wiley and Sons
Published: 2011-07-06T16:00:00+00:00

If the World’s Bubble Economy Is Hit Harder Than the U.S. Bubble Economy, Won’t That Be Good for the Dollar?

No! This is the most common misconception about the value of the dollar. Even if the rest of the world is pretty well devastated economically, and it will be, the value of the dollar will still fall relative to the euro, yen, and other major currencies. That’s because the value of a currency is not a reflection of whose overall economy is better relative to the others, but a matter of supply and demand (see Chapter 4).

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