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

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

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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 Wall Street firms. He is one of the most widely respected and quoted currency experts today."Making Sense of the Dollar is a must for anyone involved in foreign exchange markets. Chandler's research substantiates a basically positive view of the U.S. dollar, and the book is perfectly timed, given the critical juncture in global currency markets--where the outlook for the U.S. dollar is under serious scrutiny--and the magnitude of government interventions to stem the current credit crisis."--Hari N. Hariharan, Chairman and CEO, NWI Management LP "...exposes the misconceptions about U.S. competitiveness, affirms the strength of the dollar, and applauds the resilience of the American consumer.... This lucid and well-written work is required reading for the expert as well as the lay person."--Vera Jelinek, Ph.D., Divisional Dean, Center for Global Affairs, New York University, School of Continuing and Professional Studies