| Description |
1 online resource : illustrations (some color) |
| Summary |
"A weaker dollar buys less in foreign goods. This increases the price of imports, contributing to inflation. As the dollar weakens, investors in the benchmark 10-year Treasury and other bonds sell their dollar-denominated holdings. Contracts for oil and other commodities are usually denominated in dollars. As a result, historically, there has been an inverse relationship between the value of the dollar and commodities prices. Essentially, as the value of the dollar falls, the dollar-denominated prices of these commodities must rise to reflect their unchanged intrinsic value"-- Provided by publisher. |
| Bibliography |
Includes bibliographical references and index. |
| Subject |
Business cycles -- United States.
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Investments -- United States.
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Cycles économiques -- États-Unis. |
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Investissements -- États-Unis. |
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Business cycles |
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Investments |
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United States |
| Added Author |
John Wiley & Sons, publisher.
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| Other Form: |
Print version: Wiggin, Addison. Demise of the dollar Third edition. Hoboken, New Jersey : Wiley, [2023] 9781394174652 (DLC) 2023007906 |
| ISBN |
9781394175444 (epub) |
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1394175442 |
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9781394175451 (adobe pdf) |
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1394175450 |
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(hardback) |
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