Governments and central banks - the last thing they want at this point is their own currency to be strong. The Swiss knocked down, then the Japanese.
Funny, other currencies chasing the dollar down kind of takes the pressure off the WH for now.
Stick a fork in Italy. EU is just exasperated. Grrr.
Panic ! Flight to safety. What's the best game in town ? U.S. Treasuries.
I wonder what Mr. G talked about on July 29 at his WS meeting - in other related news:
http://www.startribune.com/business/126409968.html
Down the line when that one finally bursts, there is literally no place left to go.
Why bother locking up your money for two years when you only get a quarter of a per cent interest?
It would seem to make more sense to just hold the cash and be ready to buy stocks when the Dow drops to 5000.
you’re looking to protect your wealth in a paper asset that may yield 3-4% annually?
of course, it may also go to zer0... if zer0 has anything to say about it.
of course, physical metals can never go to zer0
and their ‘yields’ exceed treasuries when the country is tanking
i’d only consider swapping out of metals if/when Sarah is elected
if she isn’t, i’ll go heavier if not all-in
“Governments and central banks - the last thing they want at this point is their own currency to be strong. The Swiss knocked down, then the Japanese.”
Don’t know about you, but I’m still all in the USD. :)
I’m lovin’ it.
Awww, so nice. People love our treasuries! I assume that means it’s because our treasuries are the only safe place to put money...for now?
The EU zone is melting down, the common currency won’t last much longer. The European social welfare state has failed and is teetering on the edge of collapse - and at the rate we are going we are not far behind.