oussama94
05-29-2017, 00:09
Throughout 1999, many experts argued that
the dollar would fall against the euro on the grounds of the expanding U.S.
current account deficit and an overvalued Wall Street. That was based on
the rationale that non-U.S. investors would begin withdrawing their funds
from U.S. stocks and bonds into more economically sound markets, which
would weigh significantly on the dollar. Yet such fears have lingered since
the early 1980s when the U.S. current account soared to a record high at
the time of 3.5 percent of GDP
the dollar would fall against the euro on the grounds of the expanding U.S.
current account deficit and an overvalued Wall Street. That was based on
the rationale that non-U.S. investors would begin withdrawing their funds
from U.S. stocks and bonds into more economically sound markets, which
would weigh significantly on the dollar. Yet such fears have lingered since
the early 1980s when the U.S. current account soared to a record high at
the time of 3.5 percent of GDP