Forex | Forex | Geithner's plan (14/07/2009 16:17:19)

Geithner's plan

It would be a brave man who stood in front of a hall full of wealthy Arabs and told them that the U.S. economy was headed irreversibly downhill dragging the dollar in tow, which would lead to the decimation of most of the Gulf States’ hoard of recycled petro-dollars. We’re not saying that U.S. treasury secretary isn’t a brave man, but we think he did the right thing by talking up recovery prospects earlier in Jeddah, Saudi Arabia. The dollar is a little weaker, but that’s partly due to a


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