TITLE

How America has built up problems for itself

AUTHOR(S)
Dumas, Charles
PUB. DATE
April 2008
SOURCE
Fund Strategy;4/28/2008, p21
SOURCE TYPE
Trade Publication
DOC. TYPE
Interview
ABSTRACT
An interview with Charles Dumas from Lumbard Street Research company about the U.S. economy is presented. When asked about the reason of aggressive interest rate cuts economic policy of the Federal Reserve System, he said that policy was ensued due to the events at the Wall Street. He opined that the devaluation of the U.S. dollar is an advantage for the American account deficit as it reduces the external value of its debt. He said that the economic policy will just worsen the inflation.
ACCESSION #
31900768

 

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