Gulf States Takes Steps Toward Unified Currency
December 16, 2009
Several Gulf States are taking the steps necessary to create a pan-arab currency. The core group of countries consists of Saudi Arabia, Kuwait, Bahrain, and Qatar. The Gulf currency – dubbed “Gulfo” – is likely to track a global exchange basket and may ultimately float as a regional reserve currency in its own right. “The [...]
Read More >>Roubini on the Carry Trade
November 2, 2009
Nouriel Roubini has written an article in the FT discussing the threat of basically a coordinated deflating of assets that is set to occur as a result of the low interest rate policy in the US. The low interest rates are creating a carry trade opportunity allowing investors to borrow at next to nothing (or [...]
Read More >>Plotting Against the US Dollar
October 5, 2009
Take a trip to Europe and you’ll very quickly realize how far the value of the US dollar has fallen. Since the printing presses have been turned on full tilt in this country, talk of China and Middle Eastern countries moving away from the dollar as their reserve currency of choice has correspondingly gained steam. [...]
Read More >>Fallout From The Bailout
May 15, 2009
Dr. Doom is warning the US is about to lose its status as the world’s reserve currency. Whether or not this happens soon or in 10, or even 20 years doesn’t make a difference. The rest of the world is progressing so quickly that the 300M US consumers that have been the cornerstone of world [...]
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