Marc to Market

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Kazakhstan and the Larger Issue of Central Bank Reserves

magonomics September 15, 2009

The central bank has Kazakhstan announced its intentions to reduce its US dollar holdings in reserves over the long-term. The central bank has reserves of just below $17 bln at the end of July. The Kazakh central bank, like others, says there is simply no alternative to the US dollar, but over the next 10-15 years there will be.

Kazakhstan and the Larger Issue of Central Bank Reserves

Reviewed by magonomics on September 15, 2009 Rating: 5

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Foreign Policy Association: Making Sense of the Dollar - Exposing Dangerous Myths about Trade and Foreign Exchange

magonomics September 15, 2009

Foreign Policy Association: Making Sense of the Dollar - Exposing Dangerous Myths about Trade and Foreign Exchange

Reviewed by magonomics on September 15, 2009 Rating: 5

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Obama's Speech on the Anniversary of Lehman's Demise

magonomics September 14, 2009

U.S President Obama is scheduled speak in NY near midday. He speech is expected to focus on the economy and the financial situation. As policy makers move from triage to reform, stark contrasts are emerging between the US and European approaches.

Obama's Speech on the Anniversary of Lehman's Demise

Reviewed by magonomics on September 14, 2009 Rating: 5

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Foreign Currency Bonds

magonomics September 14, 2009

Every so often, a pundit or economist will put forward the idea that the US may chose or have to issue foreign currency bonds. It is understood as a sign of weakness. And yet few have noted that that the Swiss National Bank, whose country enjoys among the the largest current account surpluses among the advanced industrialized countries has issued …

Foreign Currency Bonds

Reviewed by magonomics on September 14, 2009 Rating: 5

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