Time Magazine: Is the Dollar Dying a Slow Death?

Well, look who just showed up? Time Magazine, late as usual, is now asking the right question. But it is still coming up with the wrong conclusion: that the US Dollar, somehow, will rebound.

Sure.

The U.S. dollar seems to have as many lives as a cat. Even before 2008's financial crisis, as the dollar slumped against other major currencies, countless pundits and economists predicted its demise as the global economy's No. 1 currency. The doomsayers seemed vindicated when the U.S. economy descended into the worst recession since the 1930s, with its financial sector in tatters. How could an already weakened greenback maintain its value as American economic prowess withered? But then — surprise! — investors around the world decided the good old greenback was a safe haven in a time of great uncertainty. The dollar was resurrected, reversing years of slow decline.

SOURCE: The Dollar's Value Against Foreign Currencies Declines - TIME