Long Term Rates Rising
http://www.smh.com.au/news/business/the-ground-shifts--longterm-rates-on-the-rise/2006/03/07/1141701513128.html
An article from the Sydney Morning Herald which I believe is a good pointer to the world economy being past the peak of monetary expansion and being in the early part of a monetary contraction.
An article from the Sydney Morning Herald which I believe is a good pointer to the world economy being past the peak of monetary expansion and being in the early part of a monetary contraction.
posted by Peter at 9:01 am
2 Comments:
http://www.middleeastforex.com/index.php?section=147
The above article suggesting the UAE's central bank is considering diversifying its foreign currency reserves partially into Euros.
It is slowly starting to dawn on these credit or nations that their massive US dollar holdings are not actually convertible into US goods.
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