Gulf oil states consider dropping dollar peg in order to control inflation.

[roamer65]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aKafZEdY2xF8&refer=worldwide

How long before Hong Kong and China drop theirs?

[Arctic Dave]

1. If this happens, I think the debate about recession will cease

and the debate about survival will begin. Economics is not my strength but I've always been pretty good about knowing when I'm about to get an ass whoppin'.

[aint_no_life_nowhere]

2. "The link to the dollar meant that imports in euros and other currencies

that have strengthened against the dollar became more expensive" (according to the article).

If their imports in Euros are becoming more expensive, why don't they import more things from the U.S.? Could it be that we aren't making things they would care to buy? I thought Bush said that the falling dollar would mean expansion of the U.S. economy by increasing U.S. export markets.