1. The value of the American Dollar
"The American economy and profits sprinting ahead, while keeping the Euro area's economies are barely able to maintain a walking peace and Japan is just getting off its knees. ... The theory works like this; America imports more than it exports, the cause of this is the low American savings rate, resulting from the huge level of American household borrowing (read as credit cards, debit cards, and mortgage refinancing) and the federal budget deficit. ... The Economist also points out similar benefits for Japan if it allows the dollar to decline. Unfortunately, economic theory has politi...
- Word Count: 1225
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate