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

"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"--Provided by publisher. Abstract: "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"--Provided by publisher 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--provided By Publisher. Myth 1: The Trade Deficit Reflects U.s. Competitiveness -- Myth 2: The Current Account Deficit Drives The Dollar -- Myth 3: You Can't Have Too Much Money -- Myth 4: Labor Market Flexibility Is The Key To U.s. Economic Prowess -- Myth 5: There Is One Type Of Capitalism -- Myth 6: The Dollar's Privileged Place In The World Is Lost -- Myth 7: Globalization Destroyed American Industry -- Myth 8: U.s. Capitalist Development Prevents Socialism -- Myth 9: The Weak U.s. Dollar Boosts Exports And Drives Stock Markets -- Myth 10: The Foreign Exchange Market Is Strange And Speculative -- Summary And Some Thoughts On The Way Forward. Marc Chandler. Includes Bibliographical References (p. 203-205) And Index. Making Sense of the Dollar 1 Contents 11 Acknowledgments 13 Introduction 15 1 Myth 1: The Trade Deficit Reflects U.S. Competitiveness 29 2 Myth 2: The Current Account Deficit Drives the Dollar 49 3 Myth 3: You Can’t Have Too Much Money 67 4 Myth 4: Labor Market Flexibility Is the Key to U.S. Economic Prowess 85 5 Myth 5: There Is One Type of Capitalism 101 6 Myth 6: The Dollar’s Privileged Place in the World Is Lost 119 7 Myth 7: Globalization Destroyed American Industry 139 8 Myth 8: U.S. Capitalist Development Prevents Socialism 161 9 Myth 9: The Weak U.S. Dollar Boosts Exports and Drives Stock Markets 183 10 Myth 10: The Foreign Exchange Market Is Strange and Speculative 201 11 Summary and Some Thoughts on the Way Forward 219 Bibliography 231 Index 234 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.