[Sosfbay-discuss] Sumitomo Bank predicts dollar decline to 50 yen imminent

[Brian Good]

 “The U.S. economy will deteriorate into 2011 as the
effects of excess 
consumption and the financial bubble linger,”
said Daisuke Uno at 
Sumitomo Mitsui, a unit of Japan’s third-biggest bank. “The dollar’s fall 
won’t stop until there’s a
change to the global currency system.”

   China, India, Brazil and Russia this year called for a
replacement to the 
dollar as the main reserve currency.


http://www.bloomberg.com/apps/news?pid=20601109&sid=a_A5nqmw9Dq8

 		 	   		  
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