EconWatch.com > Feldstein: Let the Dollar Fall

[Economist's View] Martin Feldstein continues his warnings on global imbalances as he outlines the changes needed to reduce the current account deficit, a higher saving rate and a fall in the dollar, changes he says market pressures are already bringing about. To avoid a global slowdown or a protectionist backlash as these changes occur, other countries must avoid the temptation to prevent the fall in the dollar through exchange rate interventions and focus instead on increasing domestic consumption to replace falling exports to the U.S.:

Some related posts from Technorati and Google.

http://www.rgemonitor.com [Rgemonitor.com] RGE - Martin Feldstein is right: It's a complete misunderstanding of international trade relations to think that America has "friends" - we have transactional cooperators, and maybe a favor from time to time, but most governments focus on keeping their politicians in power and their own citizens satisfied. I spent 10 years overseas with the US diplomatic service promoting US business and economic interests, some time ago, and things haven't changed.

Weforum.org[Weforum.org] World Economic Forum Knowledge Navigator - New Administration, New ...: Former Bush adviser Martin Feldstein, President and Chief Executive Officer of the National Bureau of Economic Research, USA, outlined what he said are the policy areas that would not change under the new president. These are monetary policy, Washington’s international trade policy and the dollar exchange rate.

Reflected tags on Technorati: Blog, ,