T-bills- June 24, 2004 In Wanna Buy a T-Bill, Sucker The foreign fools who are buying American bonds in Slate, Daniel Gross notes large debt purchases (US Treasury bonds) by Asian central banks in recent months. Such purchases have increased more than 12-fold over...http://mg.blogs.com/reserve/2004/06/tbills.html De facto dollar standard- June 19, 2004 In a recent study of international business practices regarding currency exchange rate fluctuations, it is a surprise that most businesses engaged in international trade do not in fact take any extraordinary measures to isolate themselves from the negative effects of...http://mg.blogs.com/reserve/2004/06/de_facto_dollar.html The dollar dilemma- June 13, 2004 Detailed opinion editorial by Niall Ferguson in Australian Financial Review quotes De Gaulle's 1965 warning about the use of the US dollar as an international reserve currency and proceeds to describe how current US economic policies are primarily underwritten by...http://mg.blogs.com/reserve/2004/06/the_dollar_dile.html |