AUDs too risky (and presumably, with US money troubles having a pretty big impact on China, and maybe Japan, with their massive holdings, that could effect aus too), GBP and EURO... yeah... with another frozen credit market? probably be more worried about the fallout for them than the US...
it is the big obvious question though. but you would have to think in the long run, the USD would tank. to be honest, that seems like their aim...
AUDs too risky (and presumably, with US money troubles having a pretty big impact on China, and maybe Japan, with their massive holdings, that could effect aus too), GBP and EURO... yeah... with another frozen credit market? probably be more worried about the fallout for them than the US...
it is the big obvious question though. but you would have to think in the long run, the USD would tank. to be honest, that seems like their aim...
The Aussie is too risky I agree. There also aren't that many up for sale, it's a pretty illiquid market as FX markets go.
AUDs too risky (and presumably, with US money troubles having a pretty big impact on China, and maybe Japan, with their massive holdings, that could effect aus too), GBP and EURO... yeah... with another frozen credit market? probably be more worried about the fallout for them than the US...
it is the big obvious question though. but you would have to think in the long run, the USD would tank. to be honest, that seems like their aim...
The Aussie is too risky I agree. There also aren't that many up for sale, it's a pretty illiquid market as FX markets go.
The Aussie seems to be doing alright so far - it seems to be up against everything. The USD is in the dumps though.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
And now the fear is transferring to the money market funds. These funds 'breaking the buck' are what transformed Lehman's bankruptcy into 'The Lehman moment'
Rising signs of strain emerged across financial markets on Thursday as investors pulled out billions of cash out of money-market funds, in turn driving the funds to rein in lending in short-term markets.
Financial markets have become increasingly alarmed at the deepening divide in Washington and the potential that the U.S. could be downgraded by credit-rating agencies or, worse, default on its debt.
Banks, meanwhile, are scrambling to design emergency plans to avoid a trading logjam in the huge markets for Treasurys and short-term funding facilities if Congress fails to raise the U.S. borrowing limits by next Tuesday's deadline.
Money funds are now largely restricting their lending to overnight, preferring the safety of stashing cash in banks, one senior trader said. That is reducing the pool of cash available to corporations, banks and investors. Money funds are also selling asset-backed securities and other debt, the trader said.
Investors pulled $9 billion a day out of money funds this week, according Nomura Securities International Inc. The outflows in the past day could be even higher, traders say. Some $62 billion has left money market funds in the past two weeks, according to the Investment Company Institute.
by Tuesday we should know if the USA has resolved it's political squabbling and borrowing more. if it hasn't worked it out then glen s/would leave irs as they are.
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