Thoughts from the Frontline

King Dollar Meets the Guillotine

By John Mauldin

May 9, 2003

King Dollar and the Guillotine
The Kindness of Strangers
The Artificial Dollar
The Competitive Devaluation Raceway
Can You Focus the Picture, Please?
Swiss Banks and Texas Hospitality

This week we take a look at the dollar and global trade imbalances. I will use the draft chapter from my book-in-progress on the topic.

I need to thank so many of you for your book title suggestions. We have had almost 1,000 proposed titles come in over the last two weeks. Some of you put in a great deal of thought, did cover designs and detailed analysis. I wish I could write each one of you personally, but I need to keep writing on the book. I want to finish this month.

Let's go straight to the book.

King Dollar and the Guillotine

"Whoever you are, I have always depended on the kindness of strangers." (Blanche Dubois from Tennessee Williams' A Streetcar Named Desire.)

The world is in the midst of a major transformation of the global economy. This realignment will mean that a number of trends that have been in place for many years are going to be reversed. These changes have the potential to be quite…

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