SITE SEARCH | NEWS | EARNINGS | CALENDARS | MUTUAL FUNDS
Sector Tables: Energy - Retail - Utilities - REIT - Banks - Brokerage - ETFs | Oil Data
Login | Subscribe to Ticker
Analyst View / Management Talk Q&A: 
Dollar Standard: The Mechanism Behind the Bubble
Author: 123jump.com Staff
123jump.com
Last Update: 2:32 PM EDT January 29 2008


Click here to view the Pdf version.

(Continued)

Email article | Print article

With vast experience in analyzing the U.S. and the Asian economies in the past decade, in his book “The Dollar Crisis: Causes, Consequences, and Cures” Richard Duncan explains how the international monetary system works and how the U.S. trade deficit results in a global credit bubble. In a clear and uncomplicated manner, Mr. Duncan provides a crisp analysis of the otherwise knotty global economic picture.

 
A: I think that going back to the gold standard is not likely unless, of course, all the paper money regimes totally implode. The gold is a hard asset that nobody can control; credit will be extremely restricted and will lead to deflationary pressures. So, that’s unlikely to happen unless the dollar standard completely breaks down. Hopefully, we won’t reach that stage. Indeed, policy makers need to reconvene and decide on a global monetary system that is sustainable, not as flawed as the dollar standard, and able to prevent large trade imbalances. That wouldn’t be easy, but harder things have been done.
  1  2  3 More: Management Talk

 

 
About Us | Contact Us | Privacy Policy | Disclaimer

©1999-2008 123jump.com. All rights reserved