Friday, April 29, 2011

JP Morgan wants a weaker dollar

They may be right. Their economist says:
“An orderly dollar decline in an environment in which the U.S. is in some sense the weakest link, at least in terms of slack and its financial healing, is the right thing to happen here, and in fact I think it’s been happening too slowly,” he said.
We likely will get a weak dollar, but it won't come smoothly.

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