Dollar Reaches Breaking Point as Banks Shift Reserves A Dollar Rout Or More Bernanke Trickery?
By Ye Xie and Anchalee Worrachate
Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades.Continue
By Mike Whitney
The only way to weaken the dollar further is through asymmetrical warfare, a disinformation campaign aimed at triggering a sell-off before the dollar strengthens when the stock market corrects and credit tightens even more. Is that what Bernanke has in mind? Continue
Tuesday, 13 October 2009
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