Dni dolára sú zrátané

Správa najväčšej svetovej banky HSBC odhaľuje, že z dlhodobého horizontu dni dolára sú už zrátané. Krátkodobo by mohol sčasti ešte prekvapiť. Že by labutia pieseň?

A report from the world's biggest bank, HSBC, tells us the dollar's days are numbered.

"The dollar looks awfully like sterling after the First World War," said David Bloom, the bank's currency chief.

What is occurring is an epochal loss in the relative wealth and economic power of the old G10 bloc of rich countries compared to rising regions of the world. The euro, yen, sterling, Swiss franc and other mature currencies will be relegated along with the dollar in this great process of rebalancing, but the Greenback will bear the brunt."

But that's the long term. In the relatively short term we still face the shock of another leg down of the credit contraction crisis. Risk is likely to make a comeback. When that happens - and it could happen in a 'Red October' - the dollar will seem like a relatively solid refuge. This is what happened last year. We wouldn't be surprised by a replay of that 'flight to safety' we saw at the end of last year.

But we know what you're thinking: what? When did the dollar become a 'safe currency?' Of course, it's not safe. But when the end of the world approaches, it will seem safe.

Článok:www.sharecafe.com.au/dreck.asp

24.09.2009