Wednesday, April 05, 2006

The Asian Flew?

The Asian Development Bank is a bit worried about the future strength of the dollar. They have warned that "[a]ny shock hitting the U.S. economy or the global market may change investors' perceptions given the existing global current account balance. ... Our suggestion to Asian countries is: do not take this continuous financing of the U.S. current account deficit as given. If something happens then East Asian economies have to be prepared."


[Click on image for larger view.]

Chart from a great website belonging to Michael Hodges.

Read the whole article here. Thanks to Rob Peebles at the Prudent Bear for pointing to this piece of news.

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