via http://www.freemansperspective.com ht: zero hedge
Europe isn’t looking good. Japan isn’t looking good. The UK is holding, but as mentioned above, its numbers are horrible. Switzerland seems to be in-between strategies. China has problems. Russia has problems. The BRICS have never been stable.Now this may be giving the Fed and US Treasury way too much credit but the analysis of relative fiscal strength does have it's merits, if only on the whole only on the basis that being the last domino gives a little more time to brace for impact.
That leaves the US. My impression is that most serious investors would rather hold dollars than yen or euros; most big businesses too. Their bets are on that the US will crash last.
So, are the Fed and the US Treasury doing this intentionally? Are they quietly pulling the pins out from under the others, making sure that they’ll be the last currency standing? I have no inside information, but I’d bet on it.