http://www.globalchange.com Bob McTeer (formerly part of Federal Reserve Board) has talked about possibility of a weaker dollar and why important in stimulating growth. Had a negative reaction from some of American public. Trade imbalance, comptetitiveness, exports growth, balance of payments. Behaviour of Sovereign Wealth Funds. Switch from Dollars to Euros. Foreign direct investment. Inward capital flows. Crash, depression, recession. Why do people blame Alan Greenspan for the sub-prime crisis? He lead the Federal Reserve Board during the dot-com crash, 9/11 and following years when interest rates in the US fell as low as 1% and America came close to deflation. These low interest years are now blamed for the housing boom, the flood of bad loans and the sub-prime crisis. But is this fair criticism of past economic events in America, with money supply issues, rising unemployment, falling or static economic output in early 2002? Video by keynote conference speaker Dr Patrick Dixon, Futurist ...
