dimelab dimelab: shrinking the gap between talk and action.

diversifying Topic in The Credit Debacle Catalog

Central Banks Diversifying (1); diversified reserves (1).

Fri 2009-10-23 08:36 EDT

Wake Up Washington! China Is Already Dumping the Dollar Niall Ferguson Says: Tech Ticker, Yahoo! Finance

Harvard Professor Niall Ferguson says Washington D.C. is too complacent about China's ability to wean itself off the dollar...China's "current strategy is to diversify out of dollars and into commodities," Ferguson says. Furthermore, China's recent pact with Brazil to conduct trade in their local currencies is a "sign of the times." [dollar losing reserve currency status]

China; Dollar-Niall-Ferguson-Says; Dump; finance; Tech Ticker; wake; WASHINGTON; Yahoo.

naked capitalism Tue 2009-10-13 19:53 EDT

Central Banks Diversifying Away from Greenback

Sentiment on the dollar is very bearish, and its long-term outlook is not promising at all. But this could point to either another leg down (the beginning of a disorderly slide that many observers worry about) or could also produce a snapback rally if an unexpected rise led to short covering (particularly if equities markets rallies were to fade and lead investors to seek cover until the dust settled in Treasuries). [dollar losing reserve currency status]

Central Banks Diversifying; greenback; naked capitalism.

Credit Writedowns Tue 2009-09-08 15:10 EDT

China to diversify out of U.S. dollars

According to an account published in the Daily Telegraph by Ambrose Evans-Pritchard, the Chinese government is quite anxious about money printing in the United States and the effect this printing could have on China's dollar denominated reserve assets. Dollar losing reserve status; Chinese buying gold.

China; credit writedowns; diversifying; U.S. dollar.

Wed 2009-06-10 00:00 EDT

Terms of Service

Russia, Brazil to Buy $20 Billion IMF Bonds, Diversify Reserves - Bloomberg.com; dollar losing reserve status

services; term.

Copyright © 2010 dimelab. All rights reserved.