Review
"...a provocative new book..." (Grant's, 15 August 2003)

"...we strongly recommend...the man seems to have hit the nail right on the noggin..." (The Daily Reckoning)

"...is impeccably researched...provides a useful resume of how the dollar came to be the dominant force in world currency markets..." (www.iii.co.uk (AMPLE), 6 January 2004)


Review
"...a provocative new book..." (Grant's, 15 August 2003)

"...we strongly recommend...the man seems to have hit the nail right on the noggin..." (The Daily Reckoning)

"...is impeccably researched...provides a useful resume of how the dollar came to be the dominant force in world currency markets..." (www.iii.co.uk (AMPLE), 6 January 2004)


Grant's, 15 August 2003
"...a provocative new book..."


The Daily Reckoning
"...we strongly recommend...the man seems to have hit the nail right on the noggin..."


Book Description
The first book to confront the imminent dollar crisis
Given the current global economic situation, a dollar crisis seems imminent. It is predicted that the series of financial and currency crises in recent years will soon culminate in the collapse of the U.S. dollar, facilitating a worldwide economic slump. This timely and challenging book brings together the origins of this crisis and the solutions that will help counter global imbalance. Filled with in-depth insights and practical advice, The Dollar Crisis is a highly relevant guide for all markets, since the collapse of the U.S. dollar will result in global destabilization impacting capital markets everywhere.
Richard Duncan (Hong Kong) has worked as a financial analyst in Asia for more than fifteen years. During his career, he has worked for leading companies such as Salomon Brothers, HSBC Securities, International Monetary Fund, and The World Bank.


Book Info
Text explains the nature and the origin of the imbalances that have destabilized the global economy. Shows how the global economy has been destabilized by the United States' trade deficit. Explains how this deficit cannot persist and why a US recession and a collapse in the value of the dollar are unavoidable. For investors, bankers, brokers, exporters, and economists.


From the Inside Flap
The world economy is sinking into the worst industrial and financial downturn since the 1930s. Stock markets are plunging, major corporations are going bankrupt, and governments are begging for bailouts from the IMF.  In The Dollar Crisis, Richard Duncan explains the nature and the origin of the imbalances that have destablized the global economy.

The books theme is that the global economy has been destabilized by the United States' enormous trade deficit which now exceeds US$50 million. . . AN HOUR or 1.50f Global GDP per annum. That trade imbalance, financed through debt, has created tremendous disequilibrium in the global economy and an economic bubble in the United States. When that bubble pops and the global economic disequilibrium unwinds, the world will not be able to avoid a very serious economic slump.

The Dollar Crisis is divided into four parts:

Part One describes how the US trade deficits have destabilized the global economy by creating a world-wide credit bubble.

Part Two explains why these giant deficits cannot persist and why a US recession and a collapse in the value of the Dollar are unavoidable.

Part Three analyzes the extraordinarioy harmful impact that the US recession and the collapse of the Dollar will have on the rest of the world.

Part Four offers original recommendations that, if implemented, would help mitigate the damage of the coming worldwide downturn and put in place the foundations for balanced and sutainable economic growth in the decades ahead.

The Dollar Crisis is a must read for investors, bankers, brokers, exporters, economists and anyone else who wants to understand what has gone wrong with the world economy.


About the Author
Richard Duncan has worked as a financial analyst in Asia for more than 16 years, conducting research and publishing investment reports on companies, industries, and economics from India to Korea.
In 1993, Mr. Duncan one of the first to warn of the impending collapse of the Thai economy and the Thai stock market in a series of published reports and speeches directed at institutional investors. At the height of the Asian crisis, he worked as a consultant for the International Monetary Fund in Thailand. Subsequently, he joined the World Bank in Washington DC as a Financial Sector Specialist focusing on issues related to the economic crisis in Asia.
Mr. Duncan studied economics and literature at Vanderbuilt University and business and finance at Babson College. His interest in history developed during a year spent travelling around the world after graduation. He and his wife, Jareeyu, currently reside in Hong Kong.

FROM THE PUBLISHER

The world economy is sinking into the worst industrial and financial downturn since the 1930s. Stock markets are plunging, major corporations are going bankrupt, and governments are begging for bailouts from the IMF. In The Dollar Crisis, Richard Duncan explains the nature and the origin of the imbalances that have destablized the global economy.