Word: dollarized
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Dates: during 2000-2009
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First, of course, there's hardly any certainty that the dollar will keep falling. Mark Zandi, Chief Economist of Moody's Economy.com, believes the free-fall might be slowing: "I think the dollar is near a bottom via the Euro, pound and Canadian dollar. Foreign exchange markets are already pricing in a very weak if not recessionary U.S. economy and substantial Fed easing." And while he thinks the dollar still has further to go in relation to the Chinese Yuan and other Asian currencies - he predicts another 5% to 7.5% until early in the next decade, when he thinks...
...With the dollar near record lows, more American investors are starting to think about whether it's time to start dabbling in the foreign currency exchange market. Experts have one piece of advice: Be careful...
Because the foreign exchange market is so complicated, now might be the worst time to experiment with currency trading. But both Zandi and Skiff offer investors some sensible advice on how to make the most of the recent dollar drubbing. "I think the best way for individual investors to participate in Forex is to be sure to have a significant share of assets allocated to overseas stock and bond investments, particularly in Asia," says Zandi. "For the average investor wanting to play on the dollar falling, it would make more sense to invest in an index fund in [an overseas...
...golden days of first crushes and dreams of fame. This, of course, is before he goes badass “gangsta” on us and reveals gritty images of prison life to the viewer. But you won’t find gyrating booties or a waterfall of hundred dollar bills in this video, only Polaroid-style photo shots of Nas and his crew chillin’ through the years, while a mishmash of handwritten notes flutters across the screen. The video begins in silence, with a shot of a classic black-and-white notebook labeled...
...Hochschild said, the offer of a multi-million dollar building for her own pursuits would certainly not be rejected...