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

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John Wiley & Sons, May 18, 2010 - Business & Economics - 240 pages
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.
 

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Contents

The Trade Deficit Reflects U S Competitiveness
1
The Current Account Deficit Drives the Dollar
21
You Cant Have Too Much Money
39
Labor Market Flexibility Is the
57
There Is One Type of Capitalism
73
The Dollars Privileged Place in the World
91
Globalization Destroyed American Industry
111
U S Capitalist Development Prevents
133
The Weak U S Dollar Boosts Exports
155
The Foreign Exchange Market Is Strange
173
Summary and Some Thoughts on the Way Forward
191
Index
206
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About the author (2010)

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.

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