The United States economy could be the first to emerge from recession this year because it appears to be headed for a far more aggressive macroeconomic stimulus program than any other country, writes David Hale, chairman of David Hale Global Economics, and a speaker at the 9th Annual Directorship Boardroom and Economic Forum, on the “Comment” page of today’s Financial Times.
The article, “There is Only One Alternative to the Dollar,” concludes that “the clear alternative tothe dollar in 2009 is not other currencies but that ancient form ofmoney: gold. Precious metals could emerge as a hedge for investorssuspicious of central banks and fearful that inflation will be thesimplest solution to the challenge of global deleveraging.”