Randomness (r_ness) wrote,
Randomness
r_ness

One sentence summary from Gavyn Davies of the FT: "Bernanke talks the dollar down".

Well, looks like American borrowing rates won't be going up any time soon. A good thing if you're still waiting to buying a house. US residential real estate doesn't appear to be recovering, and you'll still be able to get a mortgage at a good rate.

On the other hand, I clearly should have bought more loonies when I had the chance last year. And yuan, and Sing $, and...

Anyone looking to borrow cheap dollars has gotten yet another green light. Not surprisingly, equities and commodities both rose today. And nearly every other currency on the planet.
Tags: money
Subscribe
  • Post a new comment

    Error

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 0 comments