global asset markets suddenly encountered selling pressure...#
The perils of a currency crash are not nearly as great as they were in the days of the dollar's absolute dominance 30 or 40 years ago. Globalization has led to the development of a number of growth centers in the world economy which share the burden of turbulence. Gone are the days when an American finance minister could boast: "The dollar is our currency, but it's your problem."
Excerpt: "The Americans, for their part, welcomed foreign investment. For them, it was almost a tradition to save very little and spend more than they earned -- essentially achieving affluence on credit. Foreigners financed the Americans' almost obsessive consumer spending, which spurred worldwide economic growth for years."
with German exports by region
Long Swiss Franc Spread
"“What you’re seeing is window dressing, people want to finish up the year looking like they own the best names,” said Philip S. Dow."
Providing the latest info, an excellent link, and a caution.
Can the bull keep running? They are suggesting: "Invest abroad and diversify. Our experts think the resource boom can't last forever."
womanhonorthyself (thanks for link!)