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Larry Elliot

US Risks Downhill Dollar Disaster

Larry Elliot | Guardian | November 22, 2004

Washington, in other words, is relying on a soft landing for the dollar. History shows, however, that there is a better than even chance of this process ending in a full-scale crisis, as it did in the mid 1980s, when the weakness of the dollar culminated in the stock market crash of 1987. [more]

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