Episode 1229 • • 1:28:52 - 1:31:51
1229: Orange Tongue
US Dollar Dominance, Safe Haven Status and Emerging Markets
Despite the global economic crisis, the US dollar has strengthened significantly as investors seek a safe haven. International reports from Al Jazeera indicate that the dollar is "crushing" other currencies, including the British pound and the Russian ruble. The hosts suggest that the strength of the dollar allowed for the massive $2 trillion bailout without immediate inflationary consequences.