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Pros Say: Debase Dollar to Save Economy

President-elect Barack Obama promised to kick-start the faltering economy with a costly stimulus package next year, but some experts interviewed by CNBC believe the dollar needs to be debased for the economy to get a boost.

WALL STREET IN CRISIS - A CNBC SPECIAL REPORT
WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

US Needs to Debase Currency

The U.S. needs to debase its currency to help the economy, says V. Anantha Nageswaran, MD of Bank Julius Baer.

Aussie Dollar Supported

The Aussie dollar is likely to be supported as the stock market trades in market territory, says Euan McCreadie, senior corporate dealer at OzForex.

Devil's in the Details

It's not about the size of a stimulus package, but the details of what goes into it, says Ray Attrill, global head of research of Forecast Australia. He tells CNBC what's needed in order to jolt the U.S. economy.

Japan's Economy Will Keep Slowing

Any recovery in Japan will be slow and gradual, predicts Akio Yoshino, chief economist at Societe Generale Asset Management. He tells CNBC why Japan's GDP is set to dip.

Stay With the Winning Horse

Stay with the winning horse and always balance your portfolio, advises Graham Bibby, MD at Richmond Asset Management. He shares his investment strategy in "Protect Your Wealth".

Sit on the Sidelines

Graham Bibby, MD at Richmond Asset Management prefers to stay in cash and sit on the sidelines as market fundamentals don't make sense.

Investing in China

Peter Alexander, head of Z-Ben Advisors says investors should hold steady in China.

Keep Hard Cash on Hand

The biggest challenge at the moment is keeping hard currency at hand to take advantage of opportunitiesas they arise, Bruno Verstraete, CEO of Nautilus Invest, told CNBC.

Contact Europe: Economy

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