There quite a few stories on the weak dollar. Slate magazine’s Daniel Gross feels that George Soros, the aging eco-raider has lost its teeth and cannot pull a “pound” on the dollar. Wall Street Journalhas an even more upbeat take on the whole weak dollar situation. “In a world of deflation, measures to weaken a country’s currency help to offset contraction while stemming the speed of deflation,” the Journal writes.
This whole debate has resulted in a lot of feedback, and occasional reader and a professional investor has written a short piece. i will post it later tonight.