{"product_id":"making-sense-of-the-dollar-isbn-9781576603215","title":"Making Sense of the Dollar","description":"Has the greenback really lost its preeminent place in the world? Not according to currency expert Marc Chandler, who explains why so many are—wrongly—pessimistic about both the dollar and the U.S. economy.  \u003cbr\u003e \u003cbr\u003e \u003ci\u003eMaking Sense of the Dollar\u003c\/i\u003e explores the many factors—trade deficits, the dollar’s role in the world, globalization, capitalism, and more—that affect the dollar and the U.S. economy and lead to the inescapable conclusion that both are much stronger than many people suppose.  \u003cbr\u003e \u003cbr\u003e Marc Chandler has been covering the global capital markets for twenty years as a foreign exchange strategist for several Wall Street firms. He is one of the most widely respected and quoted currency experts today. \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003eIntroduction xiii\u003c\/p\u003e \u003cp\u003e1 Myth 1: The Trade Deficit Reflects U.S. Competitiveness 1\u003c\/p\u003e \u003cp\u003e2 Myth 2: The Current Account Deficit Drives the Dollar 21\u003c\/p\u003e \u003cp\u003e3 Myth 3: You Can’t Have Too Much Money 39\u003c\/p\u003e \u003cp\u003e4 Myth 4: Labor Market Flexibility is the Key to U.S. Economic Prowess 57\u003c\/p\u003e \u003cp\u003e5 Myth 5: There Is One Type of Capitalism73\u003c\/p\u003e \u003cp\u003e6 Myth 6: The Dollar’s Privileged Place in the World is Lost 91\u003c\/p\u003e \u003cp\u003e7 Myth 7: Globalization Destroyed American Industry 111\u003c\/p\u003e \u003cp\u003e8 Myth 8: U.S. Capitalist Development Prevents Socialism 133\u003c\/p\u003e \u003cp\u003e9 Myth 9: The Weak U.S. Dollar Boosts Exports and Drives Stock Markets 155\u003c\/p\u003e \u003cp\u003e10 Myth 10: The Foreign Exchange Market is Strange and Speculative 173\u003c\/p\u003e \u003cp\u003e11 Summary and Some Thoughts on the Way Forward 191\u003c\/p\u003e \u003cp\u003eBibliography 203\u003c\/p\u003e \u003cp\u003eIndex 206\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eM\u003csmall\u003eARC\u003c\/small\u003e C\u003csmall\u003eHANDLER\u003c\/small\u003e\u003c\/b\u003e has been involved in global capital markets for twenty years. He is Chief Foreign Exchange Strategist at Brown Brothers Harriman and served as Chief Currency Strategist for HSBC Bank USA. Chandler is a prolific writer, contributing to such media as TheStreet.com, \u003ci\u003eCurrency Trader\u003c\/i\u003e, \u003ci\u003eBarron's\u003c\/i\u003e, and the \u003ci\u003eFinancial Times\u003c\/i\u003e. He maintains an active speaking schedule and also teaches at New York University in the School of Continuing and Professional Studies. \u003c\/p\u003e\u003cp\u003eReaders may contact the author at marcmakingsense@gmail.com.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eI\u003csmall\u003eS THE DOLLAR LOSING ITS LUSTER AS A WORLD CURRENCY?\u003c\/small\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003eHas the credit crisis forever tainted the U.S. dollar? Will the euro or the yuan replace the U.S. dollar as the world's currency? Marc Chandler argues convincingly that many people are wrongly pessimistic about both the dollar and the U.S. economy. The United States remains a vibrant and innovative country despite the severe credit crisis. \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eMaking Sense of the Dollar\u003c\/i\u003e, Chandler acknowledges the existence of trade deficits while advising against sacrificing growth and development. Investors and policy makers need to think about money and trade in a different way. He casts a critical eye at ten myths that contribute to our misperceptions: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eTrade deficits reflect a lack of U.S. competitiveness\u003c\/li\u003e \u003cli\u003eThere is only one type of capitalism\u003c\/li\u003e \u003cli\u003eGlobalization destroyed American industry\u003c\/li\u003e \u003cli\u003eThe era of the dollar as the global currency is ending\u003c\/li\u003e \u003cli\u003eA weak dollar boosts exports and drives stock markets\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThese assumptions and others are debunked by Chandler. His inescapable conclusion is that both the dollar and the U.S. economy are much stronger than many people suppose, even in the face of market turmoil and economic displacement. The new rules that emerge from the credit crisis will undoubtedly create new incentives and disincentives, which, in turn, could influence the contours of U.S. strategy for economic expansion.\u003c\/p\u003e","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":47989557100773,"sku":"NP9781576603215","price":27.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781576603215.jpg?v=1761784586","url":"https:\/\/k12savings.com\/es\/products\/making-sense-of-the-dollar-isbn-9781576603215","provider":"K12savings","version":"1.0","type":"link"}