 |
 |
|
 |
 |
 |
 |
| Home | News | Opinion | Blog | Hot Topics | About Us | Donate |
|
In This Issue
September 3, 2010
USBIC in the News
See us spread the word
Watch / Listen
Our multimedia Trade library
|
Obama Administration Whistling in the Dark About the Dollar
Alan Tonelson
Friday, October 16, 2009
“Investors are confident in the U.S. government's ability to maintain sustainable growth, which in turn has helped stabilize the value of dollar assets, U.S. Treasury Secretary Timothy Geithner told Beijing-based magazine Caijing, in an interview published Wednesday.” –Marketwatch.com, October 14, 2009 Share of new foreign currency earnings foreign central banks put into U.S. dollars, second quarter, 2009: 37% Share of new foreign currency earnings foreign central banks put into other currencies, second quarter, 2009: 63%
(Sources: “Geithner: Confidence stabilizing dollar – report,” by William L. Watts, Marektwatch.com, October 14, 2009, http://www.marketwatch.com/story/geithner-confidence-stabilizing-dollar-report-2009-10-14" and “Dollar Reaches Breaking Point as Banks Shift Reserves (Update 3),” by Ye Xie and Anchalee Worrachate, Bloomberg News, October 12, 2009, http://www.bloomberg.com/apps/news?pid=20601068&sid=a4x9dIJsPn4U0
Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).
|
Tools
American Economic Alerts in your Mailbox
Alan Tonelson
More from this author:
|
|||||||||||||||||||||||
Alan Tonelson on CNBC's Power & Money
The Future of American Exports
Obama's Speech: His Neglect of Manufacturing Charge Starts in the Oval Office
|
Sign up below to have AEA news headlines, articles, and reports delivered directly to your mailbox.
100% free and private.
|
View our plan to save American Manufacturing
|
Multimedia educational shorts on key trade issues
|
|
©1999-2010 United States Business & Industry Council
|