The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
There's a sense that the US crisis is done with for now. S&P downrated, but the others won't - so the dollar is a safe haven - and there's a lot of money trying to get out of the Eurozone before it crumples...
No dramatic movement.
People are moving from the euro and dollar to the Yen:
to the Yen.
So if people are moving out of the euro or dollar they are parking their money in the Yen or the capitalist paradise of Sweden. :-)
Thus, I think it's safe to claim the price rise of US Treasury instruments, and the resulting decline in their interest rates, is people moving within the dollar.
One thing that may also bear on this is we're hearing, in the US, there are trillions of dollars owned by US corporations being held outside the US because they don't want to pay the repatriation tax. Buying Treasuries is as good a place as any to park it until they decide what to do.
She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
Friends come and go. Enemies accumulate.
So 1 used to buy SEK 9, and now it's buying SEK 10.
by Frank Schnittger - Feb 6 66 comments
by THE Twank - Feb 13 15 comments
by generic - Jan 30 7 comments
by Luis de Sousa - Feb 3 94 comments
by Zwackus - Feb 2 58 comments
by Drew J Jones - Jan 30 85 comments
by THE Twank - Feb 20
by THE Twank - Feb 1315 comments
by Frank Schnittger - Feb 666 comments
by Luis de Sousa - Feb 394 comments
by Zwackus - Feb 258 comments
by Drew J Jones - Feb 123 comments
by generic - Jan 307 comments
by Drew J Jones - Jan 3085 comments
by Frank Schnittger - Jan 2813 comments
by Gag Halfrunt - Jan 274 comments
by Frank Schnittger - Jan 2712 comments
by Frank Schnittger - Jan 2438 comments
by marco - Jan 2415 comments