Wednesday, November 24, 2004

From IMCT - November 24, 2004


First, the U.S. seems to have an unfavorable comparison to Ukraine. Now, this line from a story:
Despite this brighter US economic picture, the dollar continues to slide in the currency markets against all its major rivals in the wake of last weekend's G20 meeting of finance ministers and central bankers. That meeting eliminated any expectation that there would be concerted action to help stabilise the dollar.
Stabilizing the dollar? Isn't that something that the U.S. is supposed to be doing for Third World countries?

It not may be just liberal doom-speak to say that a financial crisis could be lurking just around the corner.

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