Can someone please explain this comment from Fed Chair Ben Bernanke to me?
I think the dollar remains the premier international currency... we've seen a good deal of depreciation of the dollar recently during the crisis precisely because there has been a lot of interest in the safe haven and the liquidity of dollar markets
Huh... Let me try this.
People used to hold their savings as dollars because dollars used to be stable and liquid.
When the sh*t hit the fan they realized that this is no longer the case so they started dumping dollars for other safe heavens.
Posted by: Gabriel | November 18, 2008 at 10:56 PM
That makes sense, but the impression I got from Bernanke (maybe you have to watch the video, maybe it's just the way I've interpreted it) is that he is claiming that dollars *are* the safe haven since the shit hit the fan (i.e. "during the crisis... there has been a lot of interest in the safe haven and the liquidity of dollar markets")
Posted by: aje | November 18, 2008 at 11:01 PM
Hi Anthony,
I'm emailing you in regards to an email I sent to you last month about a partnership, have you had a chance to think about it?
If you have any questions or would more information, please advise me and we can go from there.
Kind Regards,
Andrew Knight
Posted by: Andrew Knight | November 19, 2008 at 01:59 AM
?
anthonyjevans [at] gmail etc
Posted by: aje | November 19, 2008 at 08:02 AM