Long viewed as a safe investment in times of economic turmoil, the US dollar, also known as ‘Greenbacks,’ may be losing its safe haven appeal as it suffers strong downward pressures resulting from rising oil & commodity prices, high Federal budget deficits, soaring national debts and economic uncertainty in the aftermath of several financial crises.
In an editorial within today’s Washington Post, Edward Schumacher-Matos presents a nice summary of what might be considered a waning in the power of Venezuelan President, Hugo Chávez. As Schumacher-Matos describes, on a number of fronts other South American nations have been acting counter to Chávez’s wishes. Ecuador, though considered an ally, has reached out […]