Macroeconomics 29.11.2004

For countries outside of the USA, the steep drop of the dollar is changing the business environment dramatically.

The concerns that we have had for a long time and have repeated many times are now,  unfortunately, turning  into reality. Despite all of the US president’s statements the financial world considers the Bush administration as a danger to the US deficit and is consequently discounting the value of the US currency. Since this is no problem to neither the ordinary American, nor their main consumer product

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