The year of living dangerously

When President Bush is inaugurated later this month, he will have reason to be grateful that a leader’s success at stewarding his country’s economy is no longer measured by the strength of its currency. Since he first came to power four years ago, the dollar has already lost more than 10 per cent of its value, with the latest frenzied sell-off taking place since he was re-elected in November. The greenback has further to fall; but it is only the most visible symbol of the creaking imbalances in the global economy that will challenge policymakers throughout 2005.
http://observer.guardian.co.uk/business/story/0,6903,1381892,00.html