CREDIT CRASH
Article argues that there is no point selling dollar short now that "now that much of the explicit costs have already been exposed by the banking system"
Predicts that as US problems spread globally, relative dollar appeal increases. Forecasts for 2008 include rates at $1.30 against euro, $1.90 sterling and 120 yen.
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Predicts that as US problems spread globally, relative dollar appeal increases. Forecasts for 2008 include rates at $1.30 against euro, $1.90 sterling and 120 yen.
1 Comment Add this link to... Bury
Credit crash is a social news site for the credit markets
He says if they hadn't acted "by two o'clock that afternoon, $5.5...
I always check credit ratings before I make a decision...
This won't tackle the lack of deals or reluctance of lenders to refinance...
At least Bernanke was clear about what they believed - even if they're...
Fed sees more risk to the downside BUT doesn't realize that there's enough...
Writedowns are MORE than $18 billion. In the release they reveal U.S....
Dont see how they were all owned by the "elites", anyway dont...
Don't worry still plenty more costs to be "exposed", fallout is...
Comments
Don't worry still plenty more costs to be "exposed", fallout is only just starting and TFA doesn't even mention inflation