2011-04-29cnbc.com

``A trade-weighted measure of the U.S. dollar against a broad basket of currencies that includes the Yen, Euro and China's Yuan is at a post-gold standard low when adjusted for inflation, according to calculations by Deutsche Bank's economic team. The milestone could be viewed as a failure of the country's monetary and fiscal policies upon which all paper -- or fiat -- currencies are based. ''


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread