Word: greenbacked
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...started to hear about some puzzling consequences of the dollar's decline. China's sidewalk banks-illegal but tolerated money changers-are doing a land-office business swapping dollars for renminbi (RMB), the Chinese currency, because canny Chinese now think that the RMB is a "safer" currency than the greenback. They are making the same "one-way bet" as currency traders all over the world, who calculate that the only way in which the record U.S. trade deficit can be brought under control is if the dollar declines, hence making American exports relatively cheaper in foreign markets and, say, Chinese...
Have you hedged your portfolio against the falling dollar? If not, there's still time to act. Since January 2002 the greenback has declined 25% against the euro and 16% against the Japanese yen. And many foreign-exchange experts say the dollar may drop an additional 5% to 10% against major currencies over the next year. One key reason for the dollar's woes is the bulging U.S. trade deficit, which is likely to top $600 billion...
Lower U.S. interest rates have also led fixed-income investors to seek out countries offering higher rates. And the swelling budget deficit, which threatens to slow U.S. economic growth, has cast doubt on the greenback's outlook just as many overseas economies are starting to rebound. Says Marc Chandler, chief currency strategist at HSBC USA bank: "The dollar is in a long-term decline...
...weakening greenback hurts returns by dragging down the value of dollar-denominated assets, notably U.S. stocks and bonds. Foreign investors keep their money at home, which softens demand here. To gauge the impact of a further dollar decline on investments, RiskMetrics Group, a New York City quantitative-research firm, ran a so-called economic-stress test, which analyzes statistical correlations between currency moves and the markets. If the euro and the yen each rise an additional 10% against the dollar from levels in early November, the study found, the Lehman Aggregate Bond Index could slip 0.6%, which means that...
...perhaps the strongest arguments for the music video’s artistic validity can be found within the recently issued “Work of Director” DVD series. Each disc compiles the best works from three auteurs who have yanked the medium from its greenback roots and catapulted it firmly into the realm of fine art. Where Romanek embraces and manipulates the pervading connotations carried by musicians, these three directors demonstrate a fierce unwillingness to compromise with the cookie-cutter, performance-oriented standards presented on TRL. Instead, they ardently pursue their personal vision, while directly engaging the music...