Uh-ho… The Swiss mega-bank UBS completed a survey of 80 central bank reserve managers yesterday. More than half predicted the US dollar would be replaced as the world’s reserve by a “portfolio of currencies” sometime in the next 25 years.
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Uh-ho… The Swiss mega-bank UBS completed a survey of 80 central bank reserve managers yesterday. More than half predicted the US dollar would be replaced as the world’s reserve by a “portfolio of currencies” sometime in the next 25 years.
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Global currency expert Savvas Savouri, of the British-based Toscafund hedge fund, went a step further, predicting the greenback would be relegated to a “museum”, as China reluctantly moved to upwardly revalue its own currency, the yuan.
Combined with …
Broadly speaking, “blowback” is the unintended consequence to the civilian population of secret government operations…..
But there is another kind of blowback brewing in the U.S.: the negative consequences of massive covert manipulation of the domes…
Bloomberg link
This (strong) report may be partly due to (weak) number in January, then blamed on the snowstorms. The employment gain has occurred against a backdrop of extremely heavy, continual, govt stimulus. Nonetheless, these data add some real…
https://therealassetco.com/Articles/Article.aspx?a=583
Quote“With gold accounting for so little of global assets, McGuire says, only a small shift in asset preferences — from currencies to gold or bonds to gold — would cause a major price increa…
Fed Chair Bernanke Set to Speak; Comments Could Be Source of Volatility
By Joel Kruger, Technical Strategist
09 febrero 2011 12:45 GMT
There really isn’t all that much to talk about since the North American close with currencies continuing to…
(“insert link” function not working)
For an EWaver he is very reasonable.
http://caldaro.wordpress.com/2011/01/16/gold-bull-market-far-from-over/
Gold bull market … far from over
One must keep in mind that Gold is not becoming more valuable. Its…
From The Daily Reckoning…
01/05/11 Buenos Aires, Argentina – We begin today’s reckoning with a trivia question: how many möngös are there in a tugrik?
If you guessed 100, congratulations! If you didn’t know, don’t worry. The Mongolians…
The Canadian dollar surpassed parity with the U.S. dollar on Tuesday, the first time it had accomplished the feat in more than a month.
Early in the morning, the loonie surged to hit $1 US, the first time the Canadian currency had done so since Nov…
http://www.nytimes.c…nytimesbusiness
Quote”If exchange rates were allowed to move freely, Mr. Bernanke will argue, emerging markets would raise interest rates — and allow their currencies to appreciate — even as advanced economies like th…