Dollar Reaches Breaking Point as Banks Shift Reserves

By Ye Xie and Anchalee Worrachate

Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades.

//www.informationclearinghouse.info/article23698.htm



A Dollar Rout Or More Bernanke Trickery?

By Mike Whitney

The only way to weaken the dollar further is through asymmetrical warfare, a disinformation campaign aimed at triggering a sell-off before the dollar strengthens when the stock market corrects and credit tightens even more. Is that what Bernanke has in mind?

//www.informationclearinghouse.info/article23699.htm



'Benign currency neglect' could spell real danger for US economy

What's happening to the dollar? That's the question dominating the world's financial markets. Last week the US currency fell, on a trade-weighted basis, to a fresh 14-month low. The dollar's decline is now gaining momentum.

//snipurl.com/sh8kr



US facing massive economic 'power shift' with dollar's downward spiral

The dollar's position as the world's leading reserve currency faces increased pressure as the financial crisis allows emerging economies greater influence on the world stage, analysts said.

//snipurl.com/sh8l4



U.S. states suffer "unbelievable" revenue shortages

"It's crazy. It's really just unbelievable," said Scott Pattison, executive director of the National Association of State Budget Officers, and called the states' revenue situations "close to unprecedented."

//news.yahoo.com/s/nm/20091009/pl_nm/us_usa_state_budgets


From Information Clearing House



//freepage.twoday.net/search?q=US+economy
//freepage.twoday.net/search?q=financial+crisis
//freepage.twoday.net/search?q=financial+market
//freepage.twoday.net/search?q=stock+market
//freepage.twoday.net/search?q=weak+Dollar
//freepage.twoday.net/search?q=reserve+currency
//freepage.twoday.net/search?q=Bernanke
//freepage.twoday.net/search?q=Anchalee+Worrachate
//freepage.twoday.net/search?q=Mike+Whitney

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