October 18, 2013
THERE'S ONLY ONE SAFE HARBOR:
World still (reluctantly) loves the dollar (Maureen Farrell, October 18, 2013, CNNMoney)
Posted by Orrin Judd at October 18, 2013 5:36 PMTreasury bonds will also remain the investment of choice for the world's banking system.Why? The markets simply have no other choice."There's no other reserve currency. There's nothing remotely close," said Jason DeSena Trennert, the chief investment strategist at Strategas. "It's not a divine right, but the U.S. is basically winning by default."