The view from PIMCO: The dollar keeps falling, and that's a good thing


What economist or investment managing director isn't advocating a strong dollar policy? A healthy currency usually means a nation's fiscal and monetary policies are solid, it's living within its means and its economy is growing, with goods/services that are competitive in global markets.

Well, put PIMCO Managing Director Scott Mather in the contrarian camp. Mather says additional dollar weakening for the already beaten-down buck, which he called "inevitable," will not only benefit the U.S. but will also help rebalance the global economy. The dollar has weakened about 5% versus the euro and 10% versus the British pound so far in 2009.