“It’s in the US's advantage to have a weaker dollar,” David Bloom from HSBC told CNBC Wednesday. “The weak dollar helps exports, reinvigorates the economy and punishes people like me who hold dollar debt,” he said, adding that it creates a “your dollar, our problem” mentality.
Japan's export data for October is “irrelevant to the prospects of a double dip in” in the country, Naomi Fink from Bank of Tokyo Mitsubishi told CNBC Wednesday. The potential double dip in Japan is “probably much more related to prospects of a double dip in the US,” she added.
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Current DateTime: 04:09:57 25 Nov 2009 LinksList Documentid: 27721522
Discussing ways to pay for more troops in Afghanistan, with Todd Harrison, Center for Strategic and Budgetary Assessments and Mackenzie Eaglen, Heritage Foundation.