Why Is the U.S. Dollar So Strong? Will It Continue?
Money For the Rest of Us
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Is the Dollar Going to Be the Reserve Currency?
One pound was worth two dollars and forty cents in 19 75. Now we're basically at parody, says j p morgan. It reflects an erosion of credibility regarding the u.K's fiscal policy. Investors are worried about ability of governments to service their debt. That can lead to higher inflation - which is a recipe for stagflation.
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