tag:blogger.com,1999:blog-34118935.post4502254557586592065..comments2023-08-24T07:51:03.067-07:00Comments on PennyJar: How the Dollar System worksYeadonhttp://www.blogger.com/profile/04706409570601828863noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-34118935.post-45808038481920456082006-12-01T18:52:00.000-08:002006-12-01T18:52:00.000-08:00None other than the Oracle of Omaha, Warren Buffet...None other than the Oracle of Omaha, Warren Buffett is betting against the US dollar<br />From 1/10/05 Fobes article<br />"Now his Berkshire Hathaway has a $20 billion bet in favor of the euro, the pound and six other foreign currencies. "<br />http://www.forbes.com/free_forbes/2005/0110/036.htmlGlen Fordhttps://www.blogger.com/profile/02257770560342443016noreply@blogger.comtag:blogger.com,1999:blog-34118935.post-79821311628252643822006-12-01T18:43:00.000-08:002006-12-01T18:43:00.000-08:00What happend when China deciedes to buy Euros inst...What happend when China deciedes to buy Euros instead of US dollars?<br />From a recent Ecomonist story<br />http://www.economist.com/finance/displaystory.cfm?story_id=8083036<br />======================<br />How that money is invested has big implications for the world economy, not just for China. Brad Setser, head of global research at Roubini Global Economics, estimates that about 70% of it is invested in dollars, mainly Treasury securities. This has propped up the dollar and reduced American bond yields—by up to 1.5 percentage points according to some estimates. A big shift out of dollars could therefore push up bond yields and hence mortgage rates, damaging America's already crumbling housing marketGlen Fordhttps://www.blogger.com/profile/02257770560342443016noreply@blogger.com