With its announcement this week that it will keep interest rates near zero until at least late 2014, the Federal Reserve has put another large crack into the foundations underlying the US dollar. In a misguided attempt to provide clarity and transpa…
The dollar doesn’t have much clout these days. The greenback has lost 12 percent of its value against foreign currencies since the chaotic period after the failure of Lehman Brothers in 2008, and nearly 5 percent since the end of 2010.
Economists…
http://money.cnn.com/2010/11/09/news/international/china_trade_balance/
index.htm
Excerpt:
China’s trade balance, which measures the difference between the nation’s imports and exports, increased to a staggering $27.2 billion in October, a 61% increa…