Much has been made of the large U.S. budget and trade deficits in explaining the U.S. dollar's recent weakness. But is the sinking U.S. dollar mostly a reflection of global dissatisfaction with recent U.S. foreign policy? Joseph Quinlan — chief market strategist at Banc of America — argues that the dollar will continue to drop until U.S. legitimacy is restored.

Behind the Sinking Dollar: America's Image as a "Rogue Nation?" has the whole article.

Albert, while it may seem I am putting out some osrt of flow of hatred, in my view I am simply insisting on the clear and simple repetition of the fundamental facts of the case, especially the facts concerning unnecessary warmongering, economic malfeasance and incompetence as a manager or executive. You may recall in his first campaign Mister Bush asserting that his most telling qualification was that he knows how to lead. If you examine where he has lead the nation to you may want to add this to his list of inaccurate and misleading assertions.

A