November 24, 2004
A follow up on my post on US dollar

Stephen Roach's recent comments seem to have started another round of hand wringing (not that he is saying anything that he hasn?t been saying for some time in a more guarded way). Respected investors like Gross and Buffet had been exhibiting a similar belief either through word or deed for quite some time now. (For a gallows humor perspective read this Daniel Gross story on John Snow)

If the subject interests you, Nouriel Roubini?s web page on US current account deficit seems to be a good place for keeping track of the big picture.

The Wikipedia entry on fiat money is nice reading.

Posted by Kaushik at November 24, 2004 03:40 PM | TrackBack
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