March 29, 2008
– Comments (2)
US Treasurys, that is, as valued by the South Korea National Pension Fund.
but what about this guy from Harvard.
"Investors and policy officials should recognise that the dollar’s current decline is part of a natural process for reducing the US trade deficit. Because of the potential weakness of the US economy in the coming months, the dollar decline and the resulting reduction in the trade deficit have actually come at a good time."
Comment: The dollar is falling at the right time
Yet this is what the article says:
"Central banks from 16 Asian countries said last weekend at a meeting in Jakarta that they might invest more of their $1,000bn of official reserves in one another’s sovereign bonds instead of US Treasuries, given the dollar’s volatility. "
Harvard guy that served during Reagan vs. 16 Asian banks
Are they agreeing with each other?
Market Spotlight: Treasuries