Pages

Monday, July 1, 2013

Monetary

News                                                                                                                             
WSJ | Dollar Poised to Reign Again
The surging dollar has compiled an impressive list of victims in recent weeks. It has sent the Australian dollar down to its weakest level in 33 months, driven the Indian rupee and Turkish lira to all-time lows and hit multiyear highs against currencies as far-flung as the Norwegian krone and Brazilian real. The WSJ Dollar Index, a gauge of the dollar's exchange rate against seven of the world's most heavily traded currencies, reached a two-year high in May.

Econ Comments & Analysis                                                                                            
Forbes | Don't Believe The Hysterics, 'Deflation' Is Our Path To Economic Revival
If we want a Reagan-style recovery we’re going to need a lot of changes, but a stronger, more stable dollar looms largest. To put it very plainly, a stronger dollar will foster a migration away from the low-margin business concepts of yesterday in favor of the high margin, prosperity inducing business concepts of the mind.