The Financial Page
October 08, 2007
Article about the declining value of the U.S. dollar. “Once the embodiment of American financial strength, the dollar has spent the past five years getting sand kicked in its face by the world’s currencies, and in recent weeks, thanks to the Federal Reserve’s surprisingly big interest-rate cut…” by James Surowiecki.
I am a huge fan of James Surowiecki; his one-page columns about business and financial issues in The New Yorker is published every other week. If you like Malcolm Gladwell (The Tipping Point) or Steven Levitt (Freakonomics), you’ll really enjoy these insightful articles from James Surowiecki.
Living in Sweden for less than 2 years, I’ve watched my US dollar go from buying 7.8 Swedish Kronor to 6.3 Swedish Kronor. And to think, when Bush entered the White House a dollar bought almost 11 Swedish Kronor! The world cares not for our politics, and not for our dollars.