Worried Investors Rush Back Into the US Dollar
Posted on May 12, 2011 at 12:52 PM EDT
We saw the return of some pretty good volatility in the currency and metals markets yesterday with the dollar rising sharply and commodities dropping. It was definitely a ‘risk off’ kind of day with almost every currency down versus the US dollar as investors, scared by the ongoing European sovereign debt problems and a slowdown [...] Worried Investors Rush Back Into the US Dollar originally appeared in the Daily Reckoning . The Daily Reckoning provides over half a million subscribers with literary economic perspective, global market analysis, and contrarian investment ideas. Bill Bonner, the founder of the the Daily Reckoning released his latest book Dice Have No Memory: Big Bets & Bad Economics From Paris to the Pampas in April 2011.
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