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This could be the start of a pardigm shift

Discussion in 'Politics' started by LORD KAL-EL, Mar 1, 2011.

LORD KAL-EL
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as the chaos in North Africa has grown over the past month, investors have largely shunned the dollar and sought shelter elsewhere. They have turned to other traditional islands of stability, buying Japanese yen and the Swiss franc.

What has especially raised eyebrows has been the move by investors to buy euros, a currency traditionally seen as a riskier prospect than the dollar, especially with the euro zone's debt problems still largely unresolved...
"Over the last 20 years, people have always moved into the dollar on any sort of uncertainty in the global economic space, but what we've seen over the past two weeks is actually a terrific move out of the dollar,"
More...

http://finance.yahoo.com/banking-bu...-budgeting&sec=topStories&pos=8&asset=&ccode=

#1 Mar 1, 2011

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