Dollar will drop by 20%, says Roubini

Star economist Nouriel Roubini has predicted that the greenback will drop by 15%-20% against Asian and commodity currencies.  Commodity currencies include the Brazilian real, Canadian dollar and Australian dollar.

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Shadi Katyal

9 years ago

The currencies mentioned are not world trading currencies. dollar haws fluctuated off and on.
Euro is in trouble and none of the other currencies can take Dollar plaace.
If the Dollar does go down , it will benefit the US exports plus will decreas the imports.
It is evident that everyone is looking for demise of dollar but have no replacement and thus such predications

US debt will be rated junk if it were a corporation

Marc Faber has stated that if you add all the unfunded liabilities that US has, including the future liability of Medicare, Medicaid, and social security, US debt will be junk if the US is a corporation.

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Shadi Katyal

9 years ago

True IF it were a corporation but it is not.
Maybe the reader and writer should remember that despite such a large debt ,it is still the world's biggest economy and percentage of GDP is very low.
It is interesting that how this paper publishes all doom and gloom for USA.One should be pragmatic and look at the true picture.
Why is China and other nations buying IOU fof USA????

Honda airbag recall punctures Japan’s auto sector

Honda, Japan's second-biggest carmaker after crisis-hit Toyota, has recalled more than 400,000 vehicles to fix airbags that it said can explode and spray out potentially deadly metal shards. The latest safety recall adds to the woes of Japan's auto industry, a key export earner of Asia's largest economy, since Toyota has made global headlines over its faulty accelerator and brake systems.

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