The not-so-safe haven

Asia Times by W Joseph Stroupe | Mar. 17, 2009 (Special Report)

Like it or not, the US dollar still constitutes the de facto central framework of the present global financial order - the dollar is its fundamental support structure, much like the steel framework that supported the Twin Towers in New York. The global crisis is sending shockwaves of ever increasing intensity throughout the present order. Few thought the shaking would reach its present intensity and scope, and no one really knows how powerful and ... Full Story »

Posted by Kaizar Campwala

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Subjects: World, U.S., Business
Topics: Global Economy, U.S. Economy
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Posted by: Posted by Kaizar Campwala - Mar 17, 2009 - 1:05 AM PDT
Reviewed by: Fabrice Florin (review), Dwight Rousu (review)
Content Type: Article
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Edited by: Kaizar Campwala - Mar 17, 2009 - 1:05 AM PDT
Related Comments: Global Economy (2)

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Dwight Rousu
4.1
 by Dwight Rousu - Mar. 20, 2009

Stroupe here includes numerous quotes from Chinese officials, supporting his analysis of likely moves by international holders of U.S. treasuries.

Economics 101: if you hold bonds giving a fixed interest rate, and interest rates go up, you lose big on the value of your bond holdings. Many forget this when lulled by stable interest rates.

gold and selected government bonds (but not those of the US) look more attractive to China from a risk assessment standpoint, because China rightly fears its ... More »

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Fabrice Florin
3.8
 by Fabrice Florin - Mar. 17, 2009
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  • Dollar Crisis In The Making, Part 3

    Asia Times by W Joseph Stroupe | Mar. 18, 2009 (Special Report)
    There is mounting evidence that China's central bank is undertaking the process of divesting itself of longer-dated US Treasuries in favor of shorter-dated ones.
    Posted by Dwight Rousu
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