According to Robert Gilpin in Global Political Economy: Understanding the International Economic Order (2001): "Somewhere between 40 and 60 percent of international financial transactions are denominated in dollars. For decades the dollar has also been the world's principle reserve currency; in 1996, the dollar accounted for approximately two-thirds of the world's foreign exchange reserves."
Maybe let's not count out the dollar entirely.
Meanwhile, we are raising dollars into this rally. Particularly, we sold the remainder of Chevron (CVX) and last week we sold KTC Corp (KTC) and Home Depot (HD). We also reduced our holdings in ADP. We think this rally is a good place to raise cash and look for other places to put the proceeds.
Any suggestions?
Maybe let's not count out the dollar entirely.
Meanwhile, we are raising dollars into this rally. Particularly, we sold the remainder of Chevron (CVX) and last week we sold KTC Corp (KTC) and Home Depot (HD). We also reduced our holdings in ADP. We think this rally is a good place to raise cash and look for other places to put the proceeds.
Any suggestions?
Powered by ScribeFire.
No comments:
Post a Comment