Thursday, December 02, 2004

Consumers could get caught under falling dollar

MSNBC - Consumers could get caught under falling dollar: "A recent article in the Economist magazine contended that the dollar is on the brink of losing its global hegemony because of U.S. finances that �look more like those of a banana republic than an economic superpower.�
�You need an alternative,� said Joseph Quinlan, chief market strategist for Banc of America Capital Management. �I don�t think it is the euro. It�s not the yen or the yuan. By default the dollar is the world�s currency for now.�"

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