More Than Ever, We Need Currency Leadership

Diskusjon om økonomisk teori, forretningsvirksomhet, aksjehandel, o.l.

More Than Ever, We Need Currency Leadership

Innlegg Per Arne Karlsen 17 Apr 2009, 10:39

More Than Ever, We Need Currency Leadership By John Tamny

http://www.realclearmarkets.com/articles/2009/04/more_than_ever_we_need_currenc.html

And in much the same way, uncertainty about the dollar at the moment has led to a run on non-dollar currencies worldwide. The price of gold has been the big winner amid broad currency declines, and as its rise foretells a further flight to real goods, this bodes ill for economic growth here and elsewhere. That is so because if the “credit crunch” is as dire as is presumed, capital will become even more scarce as money flows into tangible items, rather than the entrepreneurial economy.
Per Arne Karlsen
 
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