Archive | August 15, 2009

What a run on the dollar could mean for Japan, the yen

By on August 15, 2009 in Economy, Yen

In 1996, in The Future of Capitalism, Lester Thurow observed the following: When a run against the dollar starts, there are enormous amounts of money that can, and will, move into appreciating currencies. Sixty percent of official reserves and 50 percent of private reserves are currently held in dollars. Those funds will certainly move, but [...]

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