ΤΙ ΠΑΙΖΕΙ ΜΕ ΤΟ ΔΟΛΛΑΡΙΟ?

ΓΡΑΦΕΙ ΤΗΝ ΠΑΡΑΣΚΕΥΗ Ο ΚΥΡΙΟΣ Gerard Baker

So the dollar's worth 50p. Stay cool Being of an evangelical persuasion, President Bush could be forgiven for wondering whether something apocalyptic isn’t afoot as he surveys the world from his Washington bunker this winter. At home, the End Times have already been clearly signalled by the triumph of the Anti-Christ, otherwise known as the Democratic Party, in the midterm elections. Abroad, the leader of the world’s sole superpower must hear the ominous clatter of horses’ hooves and he steady swish of their riders’ scythes through the burning fields of his foreign policy. War in Iraq is melting down US resolve. In Lebanon, another assassination and another political crisis have highlighted America’s weakness and the ascent of its adversaries, Iran and Syria, in the struggle for power in the Middle East. On the streets of London, lethal radiation strikes down an enemy of Mr Bush’s old friend, Vladimir Putin. And just when you think War, Death and Pestilence have the field all to themselves, along on the rails comes the fourth horseman — the nightmare of every beleaguered US president — a collapsing dollar.

http://www.timesonline.co.uk/article/0,,6-2480466,00.html





Heather Stewart, economics correspondent
Sunday December 3, 2006
The Observer

The slowdown in the US economy, which has sent the dollar into freefall over the past fortnight, will have devastating knock-on effects in markets around the world, analysts warn.

As the US slows, and consumers in the world's biggest economy feel the buying power of the dollar in their pocket declining, global growth will be hit hard, economists say. The greenback took yet another turn for the worse on Friday, after a survey of the US manufacturing sector showed output declining for the first time in more than three years.

http://observer.guardian.co.uk/business/story/0,,1962449,00.html

The long, unwinding road to a dollar adjustment

By Bill Robinson

http://news.independent.co.uk/business/comment/article2034792.ece

Europe awaits impact of plummeting dollar

BILL JAMIESON

http://business.scotsman.com/index.cfm?id=1790072006

Persistent dollar doldrums could weigh heavily on Europe

Stephen King

It seems the market is now much more attuned to the dangers of a US hard landing

http://news.independent.co.uk/business/comment/article2037526.ece