I’m Surprised the Dollar is Regarded as Safe

Currencies Fall as Fears Spread and Stocks Slip, says the Times. “Cash flowed into the dollar and the Japanese yen, the two most sought-after safe havens in a storm-tossed world, as it fled from emerging markets.” Really? The dollar? The US dollar? Isn’t that where this whole mess started? Wouldn’t the panicky money go to the Euro and the Swiss Franc?

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