Word: derricked
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...dollar as a safe haven during the worst of the crisis now head for riskier assets. Throw in concerns over the U.S.'s spiraling deficit and calls from China for an alternative reserve currency, and "the likelihood is the dollar's going to remain under pressure," says Simon Derrick, head of currency research at Bank of New York Mellon in London. "You're going to see it continue to slide." (Watch TIME's video of Peter Schiff trash-talking the markets...
That's a reversal from the recent uptick. Traditionally a safe bet amid economic mayhem, the dollar climbed about 25% against the euro in the eight months to March this year; the unattractiveness of rival currencies only made it more appealing. But, says Derrick, "that drive seems to be shifting substantially." Sure, a hint of bleak economic data can still goose the greenback - the prospect of poor U.S. payroll figures for June, set for release Thursday, has helped boost the currency in recent days - but optimism in other assets is on the rise. Global equity markets, in particular those...
...bonds beyond the $1.2 trillion earmarked for the purpose in March, not everyone is convinced. "There is always the nagging concern that if this is just a dead cat bounce in the equity markets and we have a further rocky ride in the second half of this year," says Derrick, "then a second round of fiscal spending programs may have to be introduced." (Read "Is the Almighty Dollar Doomed...
...only six games. It has played 7 overtimes, the previous record was 4. Heroic performances and huge moments have been a staple in this series. Game 6 alone included Joakim Noah's epic steal and dunk, Ray Allen's antics, which included several ridiculous shots and 51 points, and Derrick Rose's game-sealing block, which was one of the finer feats of athleticism FlyBy has ever seen. This was all in one game, folks. All games other than #2 include equally ridiculous and pressure packed moments. You don't wanna miss Game...
...Derrick Asiedu ’12, a Crimson editorial comper, lives in Stoughton Hall...