Bush's Worrisome Weak-Dollar Policy

摘要

The gap between the Bush Administration's expansive geopolitical goals and its relinquishing of financial stewardship is becoming unsustainable.On Feb.22 one line in a report by the Bank of Korea referring to diversification of its currency holdings away from the dollar created a brief panic in financial markets.While the markets have recovered-for now-it was a chilling reminder of the vulnerability of the dollar and the precarious position of the U.S.