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24 November 2009

CURRENCIES: Needless Panic Over Falling $USD.

NYTIMES/ Paul Krugman Blog with Chart/
The financial press reports that the dollar is always falling, even though it isn’t. "Hype about a falling dollar also feeds the story line that we mustn’t do anything to upset the Chinese, because terrible things would follow if they sold some of their dollar reserves."
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Labels: Paul Krugman
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