Why Is the U.S. Dollar So Strong? Will It Continue?
Money For the Rest of Us
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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