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
Comments
Don't worry still plenty more costs to be "exposed", fallout is only just starting and TFA doesn't even mention inflation