Analysis and Discussion with Simon Derrick of Bank of New York-Mellon (Bloomberg News)
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Russia's Confidence
Date: 06.16.09 Posted by: Christopher Jackson
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replyIf Russia believes that the US currency is in good shape, why the heck are the selling it? The only reason they are saying that is simply political propaganda
Re: Russia's Confidence
Date: 06.16.09 Posted by: Johnny Mac
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Russia's not the only sellers of US funds. There are reasons why the US are trying so desperately to sell their bonds. China is spending the US dollar and thats what they are using to buy up commodities at lower prices. Everyone knows the US dollar is weak and the only thing keeping it up is the media and US power influence. If they were any other country, they would be worth a lot less
Re: Re: Russia's Confidence
Date: 06.16.09 Posted by: Tim Knowles
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Give it some time and the US will come out of this crisis stronger than ever.