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Ha ha ha ha ha ha ha! For the next year, if the politics remains unaltered, it is in for a rocky ride - OMG! But what other currency deserves safe haven status - the Euro is a basket case, Sterling is in it up to its neck - the Yuan starts to look promising! So the status quo will be jittery.
Long term....well....
The greenback is doomed - it is only protected by its current role as the global reserve currency, the fact that oil is traded in dollars and that China has so much of its own reserves in dollar debt that it cannot allow the dollar to decline too far without it hurting its savings plan. Once they transfer those bonds elsewhere - watch out USA - if the Euro survives in any form at all then I'll give the US 10 years until joining the Eurozone will look attractive!!!
13 years ago. Rating: 0 | |