Tuesday, April 14, 2009

Just to clarify, I didn't read that article before I sent it to Mojo. I only skimmed. I don't agree with it after all.
Posted by at

1 comment:

  1. MoyhabinApril 14, 2009 at 5:22 PM

    An interesting article:
    --------------------

    The Credit Crisis
    Is the International Role of the Dollar at Stake?
    Ramaa Vasudevan


    Notes from the Editors
    Ramaa Vasudevan teaches economics at Colorado State University. She is a member of the Union for Radical Political Economics and the Dollars and Sense collective.


    As the first tremors of the looming financial crisis ripped through Wall Street, with the meltdown of the subprime mortgage market in the summer of 2007, the dollar plunged sharply. Perversely however, even as some financial pundits were foretelling its collapse, the deepening of the crisis following the bankruptcy of Lehman Brothers in September 2008 actually saw the dollar gain ground sharply (for the first time since the steady decline that began in 2002; see chart 1).1

    http://www.monthlyreview.org/090413-vasudevan.php

    ReplyDelete

Subscribe to: Post Comments (Atom)