This website uses cookies to ensure you have the best experience. Learn more

Fiscal Policy A Sinking U.S. Dollar Dominates The Debate At Davos

657 words - 3 pages

The article I have chosen to analyze is from printed on January 27, 2005. The title of the article is A Sinking U.S. Dollar Dominates the Debate at Davo. This article discusses the relentlessly sinking dollar and the inability to find and an answer to the problem. It indicates how economists, politicians and business executives are very concerned about the imbalances in the global financial system, which is reflected in the dollar's steep fall against the euro and other currencies. But most were unsure that the Bush administration would reduce the trade and budget deficits, which have led to those imbalances. The article indicates that The White House has said that it does not view these issues as a major problem because foreigners still view the American economy as a good investment. Some at the forum said they doubted that China, which is financing much of the American debt, would bow to ...view middle of the document...

The article states that it depends upon how well fiscal policy is applied, I believe there needs to be some change in U.S. fiscal policy, with the dollar already trading at $1.30 to the euro, near the level of economic unacceptability for Europe the United States could not rely on currency markets to right the imbalance between it and the Asian countries that finance American deficits by buying Treasury bills. Many think that the answer lies with the Federal Reserve, which is said to raise rates aggressively to curb the spending binge. Whether it could do that without triggering a recession is the question. Certainly, Europe cannot rely on Asia to take the pressure off the euro. While people there said they were guardedly optimistic that China would eventually allow its currency, the yuan, to rise against the dollar, few were willing to take a guess as to when or to what extent. "That will need a political commitment and a political will, and I don't see that happening this year,'' said Takatoshi Ito, a specialist in international economics at the University of Tokyo. Some economists warned that the expanding trade deficit and weak dollar could cast a shadow over negotiations to liberalize world trade, which have been slow for many reasons in the last year.China's record trade surplus with the United States could fuel protectionist forces in the United States, said C. Fred Bergsten, the director of the Institute for International Economics in Washington. He said he could foresee moves to impose import barriers on Chinese wood and shrimp. ''This is a poisonous environment for trade policy and for domestic politics in the United States.'" In the last couple of years, with the White House's march to war in Iraq, Davos itself has been a rather bad environment for Americans. Those tensions have only gotten worse this year and no real solution was, (2005). INTERNATIONAL BUSINESS; A Sinking U.S. Dollar Dominates the Debate at DavosRetrieved February 10, 2005.From:

Other Essays On Fiscal Policy A Sinking U.S. Dollar Dominates The Debate At Davos

Investigating a factor that affects the volume of H2 at the cathode in an electrolysis reaction

630 words - 3 pages where they enter the electrolyte. They are released at the positive terminal and returned to the source. The current is passed through the electrolyte by the ions as they transfer to the electrodes. Electrons always flow from anode to cathode.AimInvestigate a factor that affects the volume of H2 at the cathode in an electrolysis reaction.HypothesisI think that the voltage will be one factor that will affect the volume of H2. I guess that as the

Romanticism & Eugene Delacroix: Also A Look At The Death Of Sardanapalus And Liberty Leading The People

1138 words - 5 pages bodies scattered at their feet. Delacroix incorporated himself in this political painting as the man in the top hat to the left of Liberty. Delacroix was said to have known the young boy holding the pistols to the right of Liberty. Apparently, the boy killed a royal soldier before being badly wounded himself.In 1832, Delacroix made a trip to Morocco that would forever change the subjects of his paintings. He became fascinated by the life and customs

The Role Of Survival In Occurrence At Owl Creek Bridge And Build A Fire

1123 words - 5 pages The instinct to survive is found deep within the human nature. It is that which keeps every individual driven to fight through the toughest circumstances in order to remain their existence. The short stories “An Occurrence at Owl Creek Bridge” by Ambrose Bierce and “To Build a Fire” by Jack London each are linked to the role of survival that exists in every individual. Each of these author’s pieces of literature are

A Report On The Play "Incident At Vichy" By Arthur Miller

815 words - 4 pages Incident at Vichy, by Arthur Miller, takes place in 1942 France. The play consists of dialogue between the characters, eight men and a boy, while they await an unknown fate in the detention room of a Vichy police station. Not only does the play tell of the horrors of the Holocaust through rumors that the men exchange, but it also deals with major themes of guilt, self-sacrifice, and honor. Through characters with different beliefs, attitudes

This Paper Is About Racism And How It Is Portrayed In The Following Poems: "Jasper Texas 1998," "A Party Down At The Square," And "Night, Death, Mississippi."

1112 words - 5 pages implies a belief in the superiority of one's own race" (Internet). While reading Ellison's "A Party Down at the Square", Hayden's "Night, Death, Mississippi" and Clifton's "Jasper Texas 1998", I noticed that this disease is the theme of all three.A white boy who witnesses his uncle's friends set fire to a black man narrates Ralph Ellison's "A Party Down at the Square". This is a horrible short story of how a community gets together to have a "party

"The Guilty" This Is About A Lawer Trying To Save An Innocent Boy At Any Cost. The Question Is, Is He Really Innocent?

1591 words - 7 pages The Guilty"Do you understand why we are going to court?" Amy looked at her young client wondering if he even heard her. They had been talking for over an hour and it was going nowhere, "I need to know what you want to plead," he looked at her with blank eyes, looking not at her but right through her. They sat there in silence as Amy waited for an answer. She decided to take a different approach, "Did you do it?" he tilted his head and smiled

A Teen Piece - "The Grey Room" It Deals With The Uncertainty Of Being A Teenager And The Desire To Grow Up And Go Back To Childhood At The Same Time

419 words - 2 pages I didn't see or understand the first time, things that would taint the sweet memories.Ahead of me is a black ominous door. I don't want to go to it, but there is an overpowering force dragging me towards it. I don't know what it holds on the other side, and I'm not sure I want to know. I know it has to do with the future, my future, but with that future comes responsibility and uncertainty. I don't know if I can handle that. The scariest thing to

Woodrow Wilson - A Controversial President

1029 words - 5 pages of the political and social changes that were occurring at the time, Wilson was forced to go against many of his principles and standards to protect American interests and lives. This often went against the wishes of other world leaders and the citizens of other countries, as well as Americans, making for mixed opinions on Wilson as a president.When Wilson took office in 1913, he did not support the foreign policies of interventionism and dollar

Lords Of Finance

314 words - 2 pages made the decision to return to the gold standard, at the wrong time and the wrong rate, which led the whole world entered into a long period of depression. However, even though gold standard doesn't exist anymore in U.S. I think returning to gold standard can help preventing further depression if we set up some new policy. The financial crisis that began in 2007 would never have happened if the Federal Reserve kept the value of the dollar stable

International Exchange Rates. "The Gold Standard"

1322 words - 6 pages country.In the Forex there are six major currency pairs that are considered the most traded. First you have "1. EUR/USD = Euro vs. U.S. Dollar, 2. JPY/USD = Japanese Yen vs. U.S. Dollar, 3. USD/CHF = U.S. Dollar vs. Swiss Franc, 4. AUD/USD = Australian Dollar vs. U.S. Dollar, 5. GBP/USD = British Pound vs. U.S. Dollar, 6. USD/CAD = U.S. Dollar vs. Canadian Dollar" (Miliaresis, 2005) The Forex market is open seven days a week twenty four hours a day, it

Macroeconomic Review Of Japan

9970 words - 40 pages halt the yen's excessive depreciation. But there was no evidence so far of intervention by the Bank of Japan.Fiscal policy in JapanFor many years now, Japan has been suffering from slow or at times contracting economic activity and deflation. In response, policymakers in Japan have taken a number of steps to stimulate the economy through monetary and fiscal policies. Notably, in February 1999 the Bank of Japan lowered the overnight nominal

Similar Papers

Is The U.S. Using The Issue Of Truck Safety As A Trade Barrier To Mexico?

884 words - 4 pages stations and a more rigorous inspection process than Texas, the number of Mexican trucks "idled" for safety reasons dropped to a figure on a par with U.S. trucks. And officials at the Texas Department of Public Safety have noted that the safety performance of Mexican buses--which have already been allowed access to the U.S. under NAFTA--match U.S. safety rates.Another detail lost amid the Mexico-bashing is that the U.S. trucking industry is not itself

Competition There Are A Number Of Weight Loss Products And Services In The U.S. Market Today

567 words - 3 pages COMPETITIONThere are a number of weight loss products and services in the U.S. market today, ranging from chemical and herbal treatments to various kinds of programs and equipment that people can use. However, for our product our main competitors are other non-prescription tablets such as; Metabolife, Trimspa Fat Blocker, Xenadrine, Cortislim, Curb Your Cravings, Thermo-Burn and many more ( Other competitors include

A Look At The Fair Labor Standards Act

1271 words - 6 pages . Legislation was recently introduced that would allow employers to abolish mandatory overtime at time and a half for over a 40 hour work week. Other legislation wished to inject a little flexibility in the work schedule and give employers the option to allow compressed work schedules to its employees such as ten 16 hours workdays in a month.Some argue that while one of the major factors was to protect child workers, it is actually having more of a

Transcendentalism At A Glance, The Comparison Between Ralph Waldo Emerson's Writings, And A Cat Stevens Song

880 words - 4 pages at last sacred but the integrity of your own mind." Ralph Waldo Emerson contends that if a person is evil by nature, then evil is good and good is evil. He also writes, "They do not seem to me such; but if I am the Devil's child, I will live then from the Devil." Basically the Devil, when he thinks of himself, does not infer that he is evil. He sees himself as doing something correct and good. "100 I Dream," by Stevens, displays the idea that