Dollars and sense

摘要

The dollar is in free fall.The greenback has lost a quarter of its value relative to the euro in the last two years.The dive has steepened as the US Federal Reserve increases inflation risks through cutting interest rates to prop up the US economy.This is more than just the preoccupation of economists and central banks.Awareness of dollar weakness has spread into popular culture,and now supermodels and US rap artists insist on being paid in euros.Rather than the dollar,the euro is now flaunted as a symbol of conspicuous wealth.