Will the Falling Dollar Hit Asia?
Watch out for the great dollar crash! For most of this decade, gloomy economists and policymakers have warned that the mighty dollar is destined for a nasty correction that could shake the global economy to its core. And if it were to happen, things would look especially grim for the Asian countries that rely on U.S. consumers to snap up all their DVD players, flat-screen TVs, and Toyotas (TM), and which have recycled their surplus savings to finance America's gargantuan budget and current account deficits.
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