Why The Dollar Won't Tank
If the financial crises that hit Asia and Latin America in recent years demonstrate anything, it's the fickleness of international investors and the ability of shifting hot-money flows to undermine seemingly sound economies. Now, some Cassandras are wondering whether it could happen in the U.S. The reason: a surging current-account deficit that's headed for uncharted waters.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.