Gray Flannel Dwarf

1/24/2005

Grab that cash with both hands and make a stash.

In actions likely to undermine the dollar’s value on currency markets, 70 per cent of central bank reserve managers said they had increased their exposure to the euro over the past two years. The majority thought eurozone money and debt markets were as attractive a destination for investment as the US.

Greaaat news. Say goodbye to purchasing power in the US like we’ve always known it.


Tags: , , , — cswiii @ 12:56 pm