Archive for December, 2007

Don’t Bet Against the Dollar

Wednesday, December 12th, 2007

The global economy runs on the dollar, and that isn’t about to change. Today the world’s central banks hold about two thirds of their reserves in U.S. dollars. Most commodities are priced in American currency, and much of world’s trade is invoiced in dollars as well. The dollar is the lifeblood of the international system. (more…)