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Financial Advisor, GTA, Ontario, Canada
Investment, Insurance, Tax & Estate Planning

Tuesday, February 22, 2011

Oil Prices Surge As Libya Protests Mount

MANIPULATION FAILS, METALS SPIKE

We Can Not Assume The Dollar Will Retain Its Reserve Currency Status

Mohamed El-Erian Says We Can Not Assume The Dollar Will Retain Its Reserve Currency Status:

On what the weak dollar is signaling:
"It is a warning shot to America that we cannot simply assume flight to quality, flight to safety. That people are starting to worry about the fiscal situation in the U.S., worrying about the level of debt and what they're hearing about states and municipalities. I would take this as a warning shot that we cannot assume that we will maintain the standing of the reserve currency as we have in the past."