Thursday, February 21, 2013
The US Dollar Roars Back
Dominant Social Theme: The US economy is fine shape.
Free-Market Analysis: China's central bankers have decided that the US economy is in fine shape, according to the UK Telegraph. This doesn't make much sense, given the US's generalized economic and socio-political difficulties but we wouldn't expect China's central planners to figure this out.
Apparently, Dr. Jin and other Chinese bankers believe the world is moving "to a '1+4' system, with the greenback serving as the anchor of global payments, supplemented by 'four smaller reserve currencies' – the euro, sterling, yen and yuan."
The Daily Bell