Friday, October 16, 2009

Review: Making Sense of the Dollar by Marc Chandler

Has the greenback really lost its preeminent place in the world? Not according to currency expert Marc Chandler, who explains why so many are wrongly pessimistic about both the dollar and the U.S. economy. Making Sense of the Dollar explores the many factors trade deficits, the dollars role in the world, globalization, capitalism, and more that affect the dollar and the U.S. economy and leads to the inescapable conclusion that both are much stronger than many people suppose.

Received from the publicist for review.

The book is definitely for the business inclined. This is heavy stuff! The book reads rather like one of my business textbooks from college, which is not necessarily a bad thing in the hands of the right audience.

The book is certainly comprehensive, covering everything from trade deficits to the paper money supply. It is extensively researched and documented. The multiple charts and graphs do help to successfully illustrate the material.

There was a fascinating discussion about the weak dollar in the foreign exchange world which thoroughly discussed the dollar versus the euro and the implications. There was also an equally interesting chapter about Globalization's effects on American industry.

This one gets three stars. I'm not going to say that it was light reading, but it is certainly informational and you are guaranteed to learn quite a bit from it if you can make it through. Granted, it is geared more towards the business types, but even casual investors or those simply interested in the subject will find portions of the book beneficial to them.

★★☆☆ = Liked It


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