Asia Times Online :: This crisis has an exit

Asia Times Online :: This crisis has an exit
By Ellen Brown

"...Governments usually get the blame for excessive spending, but governments did not initiate the crisis..."


The Foreign Exchange Market’s Reaction to a Debt Ceiling Increase


As America inches towards a deal raising the debt ceiling, one wonders about the impending reaction of the foreign exchange market. While domestic bond holders would see selling opportunities in the likely event that the Treasury drops its yields, foreign holders of U.S. debt would only see the downside – a weaker dollar.