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
CNBC
http://www.cnbc.com/id/24061429
Friday, April 11, 2008
Dollar must fall further - Feldstein
Posted by Fred at 12:08 PM
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