Friday, May 14, 2010

If it's not one Fiat Currency, it's Another

Seemed like only yesterday that nobody wanted the US dollar. $$.

Euro's Fall Echoes in Other Markets
(author unknown)
2010-05-14 09:20

The sliding euro rippled across global markets, undermining equities and pushing investors into gold, U.S. Treasurys and other safe-haven assets.


Say, is there an ETF that contains a basket of "safe-haven assets?". Or would the turnover in that thing drive up costs and inefficiencies?

Boy, thank goodness countries didn't abandon the Yankee Dollar for that Euro-trash money!

blog comments powered by Disqus