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1 Myth 1: The Trade Deficit Reflects U.S. Competitiveness.
2 Myth 2: The Current Account Deficit Drives the Dollar.
3 Myth 3: You Can't Have Too Much Money.
4 Myth 4: Labor Market Flexibility Is the Key to U.S. Economic Prowess.
5 Myth 5: There Is One Type of Capitalism.
6 Myth 6: The Dollar's Privileged Place in the World Is Lost.
7 Myth 7: Globalization Destroyed American Industry.
8 Myth 8: U.S. Capitalist Development Prevents Socialism.
9 Myth 9: The Weak U.S. Dollar Boosts Exports and Drives Stock Markets.
10 Myth 10: The Foreign Exchange Market Is Strange and Speculative.
11 Summary and Some Thoughts on the Way Forward.
Posted January 5, 2010
Marc Chandler is one of the most widely respected, prolific pundits on currency markets and foreign exchange. In this book for lay readers, he summarizes "dangerous myths" about currency markets and foreign exchange. The myths are dangerous because they can lead to the kinds of mistakes in public opinion that generate disastrous political and economic policymaking. getAbstract recommends this accessible book and finds that Chandler does an excellent job of summarizing and countering some of the most wrongheaded, naïve or confusing blunders, blinders and bewilderments that vex discourse about the dollar, the trade deficit and the economic strengths of nations.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted September 11, 2009
I Also Recommend:
This book shows how American's aren't actually in that bad of shape with the current recession. Chandler states that, "The credit crisis of the U.S. dollar, nor will the euro or yuan replace the dollar as the world's currency. The U.S. economy is much more durable and innovative than people suppose, even in the face of market turmoil. Policy makers, investors - and the public - need to start thinking about the dollar and trade in a different way."
Here are just a few examples of how Marc explains the following myths:
* The trade deficit reflects U.S. competitiveness.
* Current account deficits drive currencies.
* Labor market flexibility is the key to U.S. economic prowess
* Globalization has destroyed American industry.
* The dollar's privileged place in the world is lost.
I tend to be an optimist so I thought this was a great book to help me understand that maybe the country I live in, isn't as bad off as I thought. If an expert is optimistic, that gives me more hope than I already had. If you're worried about the current state of U.S. currency, I recommend this book.
Posted August 19, 2009
Regardless of your background, you have been drawn into the dark world of foreign exchange or FOREX.
Whether you know it or not, THE DOLLAR will become the number ONE issue to confront an American public long removed from financial realities. Swirling around one bad economic headline after another, is the constant chatter of the end of the American era, the demise of the dollar. With the current financial crisis swallowing American pride, we are groping for direction. With Washington rushing Americans headlong into a strange new world, deepening doubts about our ability to survive. This book sheds a bright light in an easily understood manner of the realities for the dollar.
Chandler de-mystifies foreign exchange providing the sound basis for an easy understanding of whats, whys and hows concerning FOREX and the US dollar. He does so through a convincing set of arguments that also lay out a potential for significant rewards. He presents real alternatives to all the negative headlines and doom sayers that indicate that America is dying as a world power
I strongly recommend that our new President along with Oprah read, promote and understand this book. Withstanding the current economic crisis while bearing up to the realities of a President on OJT, the dollar is set to continue as the main currency of the world.
Chandler knows his stuff. So should you!
Posted November 9, 2011
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