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Thursday, October 2, 2008

Why the dollar rose as U.S. banks failed

 In case you missed this in the print Inquirer: Prof. Mauro Guillen of the Wharton School's Lauder management-and-international studies program explains why Europe is suffering from the U.S. credit crisis. Also, some reasons why the buck is getting stronger. PhillyDeals column here.
Posted by Joseph N. DiStefano @ 10:59 AM  Permalink | 2 comments
Comments   
  • 0 like this / 0 don't   •   Posted 11:12 AM, 10/03/2008
    Maybe one of the reasons is the general banking industry is actually in decent shap verses the gambling casino investment banks.
    — dutchman
  • 0 like this / 0 don't   •   Posted 4:26 PM, 10/03/2008
    I noticed the fed has twice released something like 30 billion dollars to buy foreign currencies. This is the only reason I can fathom the dollar getting stronger against the euro. That and the euro economy is also not doing so hot.
    — generalmateo


2 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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