Friday, April 11, 2008

Dollar must fall further - Feldstein

The president of the U.S.-based National Bureau of Economic Research, Martin Feldstein, thinks that the USD has to fall further. In an interview with German newspaper Die Welt he said:

"Any intervention would be a mistake, because the dollar needs to fall further.....I've been saying for years that European countries need to get ready for a falling dollar. Because the United States needs to continue to reduce its trade deficit."

source: Dollar Must Fall Further: Economic Bureau's Feldstein

No comments: