Here's a little test: tell this forum *what* GWB is physically doing to the Dollar (you can't name it, by the way).
Actually, it's the Treasury that buys or sells dollars on the open market. The official name for it is intervention, and when it's done the Treasury issues a press realease. While it's true that the Treasury hasn't intervened, it hasn't had to. Our current weak dollar has come from low interest rates and jawboning, along with some cooperation from Japan and some stupidity from the EU. GWB's weak dollar policy is the worst kept secret in Washington. If you don't believe it you don't have to, but it puts you in the extreme minority.
No. Japan isn't "cooperating." Japan is *opposed* to letting the Dollar fall (it makes Japanese exports to the U.S. too expensive). Where do you people come up with such wild-eyed "theories" as Japan cooperating with the Dollar's decline?
Greenspan warns Japan against currency intervention
Wednesday, March 3, 2004 at 08:00 JST
NEW YORK U.S. Federal Reserve Board Chairman Alan Greenspan issued a warning Tuesday against Japan's continued massive currency market intervention aimed at stemming the yen's appreciation against the dollar.http://www.japantoday.com/e/?content=news&cat=3&id=290378