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Making Sense of the Dollar
Book

Making Sense of the Dollar

Exposing Dangerous Myths about Trade and Foreign Exchange

Marc Chandler
Bloomberg Press, 2009

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Editorial Rating

8

Qualities

  • Innovative
  • Applicable

Recommendation

Marc Chandler is one of the most widely respected, prolific pundits on currency markets and foreign exchange. In this book for lay readers, he summarizes “dangerous myths” about currency markets and foreign exchange. The myths are dangerous because they can lead to the kinds of mistakes in public opinion that generate disastrous political and economic policymaking. getAbstract recommends this accessible book and finds that Chandler does an excellent job of summarizing and countering some of the most wrongheaded, naïve or confusing blunders, blinders and bewilderments that vex discourse about the dollar, the trade deficit and the economic strengths of nations.

Take-Aways

  • Financial myths lead people to believe incorrect ideas about the dollar.
  • For instance, contrary to fiscal myth, trade deficits or surpluses do not signal national economic strength.
  • Current methods of calculating trade deficits are outmoded and mistaken.

About the Author

Marc Chandler, chief foreign exchange strategist at Brown Brothers Harriman, is the former chief currency strategist for HSBC Bank U.S.A. He has contributed to many financial publications, and teaches in New York University’s School of Continuing and Professional Studies.

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