Making Sense of the Dollar: Exposing Dangerous Myths about Trade and Foreign Exchange

Marc Chandler

ISBN 10: 1576603210 / ISBN 13: 9781576603215

Published by Bloomberg Press, 2009

About this Item

IS THE DOLAR LOSING ITS LUSTER AS A WORLD CURENCY? Has the credit crisis forever tainted the U.S. dollar? Will the euro or the yuan replace the U.S. dollar as the world's currency? Marc Chandler argues convincingly that many people are wrongly pessimistic about both the dollar and the U.S. economy. The United States remains a vibrant and innovative country despite the severe credit crisis. In Making Sense of the Dollar, Chandler acknowledges the existence of trade deficits while advising against sacrificing growth and development. Investors and policy makers need to think about money and trade in a different way. He casts a critical eye at ten myths that contribute to our misperceptions: Trade deficits reflect a lack of U.S. competitiveness There is only one type of capitalism Globalization destroyed American industry The era of the dollar as the global currency is ending A weak dollar boosts exports and drives stock markets These assumptions and others are debunked by Chandler. His inescapable conclusion is that both the dollar and the U.S. economy are much stronger than many people suppose, even in the face of market turmoil and economic displacement. The new rules that emerge from the credit crisis will undoubtedly create new incentives and disincentives, which, in turn, could influence the contours of U.S. strategy for economic expansion.

Seller Inventory # CIN1576603210VG

Bibliographic Details

• Title: Making Sense of the Dollar: Exposing Dangerous Myths about Trade and Foreign Exchange
• Publisher: Bloomberg Press
• Publication Date: 2009
• Language: English
• ISBN 10: 1576603210
• ISBN 13: 9781576603215
• Binding: Hardback
• Condition: Very Good

About this title

Synopsis

Has the greenback really lost its preeminent place in the world? Not according to currency expert Marc Chandler, who explains why so many are―wrongly―pessimistic about both the dollar and the U.S. economy.  

Making Sense of the Dollar explores the many factors―trade deficits, the dollar’s role in the world, globalization, capitalism, and more―that affect the dollar and the U.S. economy and lead to the inescapable conclusion that both are much stronger than many people suppose.  

Marc Chandler has been covering the global capital markets for twenty years as a foreign exchange strategist for several Wall Street firms. He is one of the most widely respected and quoted currency experts today.

About the Author

MARC CHANDLER has been involved in global capital markets for twenty years. He is Chief Foreign Exchange Strategist at Brown Brothers Harriman and served as Chief Currency Strategist for HSBC Bank USA. Chandler is a prolific writer, contributing to such media as TheStreet.com, Currency Trader, Barron's, and the Financial Times. He maintains an active speaking schedule and also teaches at New York University in the School of Continuing and Professional Studies.

Readers may contact the author at marcmakingsense@gmail.com.