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Repiglican Roast

A spirited discussion of public policy and current issues

Name: TheFuriousGourmet

Location: The mouth of being

I'm furious about my squandered nation.

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Saturday, March 03, 2007

How Long Can The U.S. Count On Foreign Funding?

As the dollar sags and other investments beckon, a shakeout looms
[...]
The greatest potential vulnerability lies with the U.S. dollar and its role as the balancing agent between the financing needs of the U.S. and the willingness of foreigners to supply those funds. The fear is a sudden plunge in the greenback. The U.S. will always obtain the foreign financing it needs, but what level of the dollar will it take to attract those funds? U.S. indebtedness is a key reason why the dollar has already declined 27% against a basket of major currencies since early 2002.
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