Some figures on the decline of the dollar as reserve currency:
For the Americans, this is the maths behind the current too-good-too-bad economy in the USA. For the economists, it is interesting because the monetary tool is not helpful when all these dollars flood back unwanted. For the financial cryptographers, it's a great time to be in the currency business. For the gold community, it's their decade!
Note that we have predicted this for some time, but these are fundamental shifts and they move so slowly that any discussion is fraught until the numbers come in.Posted by iang at May 5, 2008 10:48 AM | TrackBack