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Declining Dollar
The worst-case scenario of a freefall in the U.S. dollar: a sharp rise in interest rates, a slump in borrowing, a world-wide recession. Now, some U.S. economists are fearing such a scenario.
Hear about the weakening American dollar and what it means for business, jobs, the stock market and you.
Guests:
Greg Ip, covers the economy for the Wall Street Journal
Stephen Roach, chief economist, Morgan Stanley
Frederic Mishkin, professor of economics at Columbia University
This program aired on November 23, 2004. The audio for this program is not available.