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“The question is not whether the dollar will weaken over time, but how it will weaken,”     20-Aug-09 08:17 pm    
http://www.bloomberg.com/apps/news?pid=2...

“The question is not whether the dollar will weaken over time, but how it will weaken,” said El-Erian, a former deputy director of the International Monetary Fund whose firm runs the world’s largest bond fund. “The real risk is that you will get a disorderly decline.”

‘Orderly Fall’

An orderly fall of the dollar would be good for the world economy as it helps the U.S. continue to expand while consumers retrench, El-Erian said, declining to be more specific about currency levels. Such a drop would also help other countries including China wean themselves off their dependence on exports, promoting growth worldwide in the process, he said.





who was saying we support a strong dollar policy, i forget
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greekdell

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greekdell 20-Aug-09 08:17 pm  
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