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On Demand

Global Money Slump

Tuesday, January 13, 2009

Currencies all over the world are slumping – from the Mexican peso to the Indonesian rupiah. Find out how devalued global currencies are affecting international trade, and what that means for the possibility of recovery. Marc Chandler is global head of currency strategy at Brown Brothers Harriman.


Comments

  • [1] antonio from park slope January 13, 2009 - 12:25PM

    Can your guest explain what backs the us dollar?


  • [2] suki shackelford from williamsburg January 13, 2009 - 12:26PM

    Please thank Mr. Chandler for explaining clearly what I haven't been able to wrap my mind around until now.

    Thank you for this great and informative segment!


  • [3] Tony from San Jose, CA January 13, 2009 - 12:34PM

    Do you think France will leave the Euro?


  • [4] annie vetrone from home, manhasset January 13, 2009 - 12:35PM

    mr. chandler can't be correct when he commented about the health of the textile industry . I worked in this industry from 1982 until 1997, and during that time, and it's gotten much worse, i witnessed the manufacturing aspect of the industry go from the tri-state area, to the carolinas, and then to china, korea.

    I know of no remaining southern textile mills that would describe their business as robust,maybe he could list just one of them?


  • [5] CAROLINE from NJ January 13, 2009 - 12:36PM

    Lenny & Company - The way Mark Chandler speaks, his very subtle speech impediment, coupled with his gentle, intelligent manner, reminds me so much of how your brother Phillip speaks! Chandler doesn't have the marked, and to my ear charming, New York accent Phillip has, but still, the two share a special manner of speech. Anybody agree with me?


  • [6] Steve from Brooklyn January 13, 2009 - 12:47PM

    The Scandinavian high standard of living argument is a false one when comparing it to the US. They are small, homogeneous societies where a socialist structure can work. Recent immigration trends are putting heavy strains on those systems.

    The U.S. is a large, multi-ethnic society. It would be incredibly difficult to replicate a Scandinavian model here.


  • [7] josh from brooklyn January 13, 2009 - 12:51PM

    what is the name/publisher of his upcoming book?


  • [8] beckyg115 from Manhattan January 13, 2009 - 01:08PM

    Hi,

    The average height adults attain may be a great proxy for comparing the nutrition and equality between rich and poor in Scandinavia, a genetically fairly homogeneous population , with only about 5-6% of their population from immigration. BUT, it is ludicrous to compare that to heights in the US where close to 40% of our population is 1st or 2nd generation from Asia and Latin America. Of course there is a a gap of a few inches! Even the studies in the US that only look at "native born" Americans miss the fact that both parents may have been born in Asia or S.America, and may not feed their children the same range of fruits and vegetables, just because their diets didn't include that so it isn't part of habit.

    Over time, this changes. Studies show that the second and third generation immigrants from Asia and Latin America are MUCH taller than their ancestors, up to what different genetics allow, showing that nutrition and food abundance in America is still available to these populations.


  • [9] Diana from NJ January 13, 2009 - 01:33PM

    What is the name/publisher of Mr. Chandler's upcoming book?


  • [10] Bernie from N.Y. January 13, 2009 - 03:41PM

    Mr. Chandler is very wrong about the textile industry in the United States, especially knits. It has declined for the last 10 years and manufacturing of any textile product in this country is horrible. Just look at the label of any piece of clothing in the retail stores, you won't see any made in the America!!!


  • [11] smidely January 13, 2009 - 09:46PM

    america makes planes, along w tanks, missiles etc. last few years has indeed been productive.

    america also makes large factories for assembly overseas, and continues to support first rate machine shops that can custom make anything for any factory in the world. israel is the only other country with such reliable craftsmen in this area, though the need is so great that the two countries don't compete.

    america makes nothing else.


  • [12] George Mettler from Jersey City, New Jersey January 16, 2009 - 11:42AM

    I understood that Mr. Chandler wrote a book, but apparently, from reading the comments, it is not yet published. Please advise when it is published, and its title.


  • [13] Barbara Bour from South Orange, NJ January 17, 2009 - 02:42PM

    Thank you, Mr. Chandler for your clear headed commentary.


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