Word: dollarized
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...reason for that is clear enough. At a time of extreme stress in global equity and credit markets, many governments have surplus foreign exchange to play with - and because of the falling dollar, they are increasingly interested in investing their cash where it can earn greater returns than U.S. Treasury debt, the traditional safe haven. The largest SWFs - the so-called Super Seven, which includes China, Russia, Abu Dhabi, Kuwait, Norway and two Singapore funds - control up to $1.8 trillion. By 2011, assets under management at SWFs worldwide are projected to grow almost fourfold to nearly $8 trillion, according...
...will be celebtrating his defeat for months, the fact is that he lost because Australians wanted a change and Kevin Rudd campaigned brilliantly, offering a low-risk "me too" alternative but with sharp differences from unpopular Howard policies, particularly industrial relations, where his campaign was helped by a multimillion-dollar campaign by the trade union movement. Howard will be remembered as an outstanding PM who ultimately outstayed his welcome. Good luck, Mr. Howard, and thank you for your service. Nick White, Brisbane...
First, of course, there's hardly any certainty that the dollar will keep falling. Mark Zandi, Chief Economist of Moody's Economy.com, believes the free-fall might be slowing: "I think the dollar is near a bottom via the Euro, pound and Canadian dollar. Foreign exchange markets are already pricing in a very weak if not recessionary U.S. economy and substantial Fed easing." And while he thinks the dollar still has further to go in relation to the Chinese Yuan and other Asian currencies - he predicts another 5% to 7.5% until early in the next decade, when he thinks...
...With the dollar near record lows, more American investors are starting to think about whether it's time to start dabbling in the foreign currency exchange market. Experts have one piece of advice: Be careful...
Because the foreign exchange market is so complicated, now might be the worst time to experiment with currency trading. But both Zandi and Skiff offer investors some sensible advice on how to make the most of the recent dollar drubbing. "I think the best way for individual investors to participate in Forex is to be sure to have a significant share of assets allocated to overseas stock and bond investments, particularly in Asia," says Zandi. "For the average investor wanting to play on the dollar falling, it would make more sense to invest in an index fund in [an overseas...