Archive

Posts Tagged ‘Bob Zoellick’

Central Banks Dump Treasuries As Dollar’s Reserve Currency Status Fades

March 16, 2011 Comments off

forbes.com

By AGUSTINO FONTEVECCHIA
Official inflows vs total reserve accumulation – Nomura

Demand for US assets, especially Treasuries, has been waning since the beginning of 2011, with central banks around the world increasing reserve accumulation while dumping the greenback.  More signs that the dollar is dead as the world’s only reserve currency?

Nomura’s FX research and strategy team analyzed the latest numbers from the Treasury’s International Capital System.  “It looks like the trend of weak central bank demand for USD assets is persisting into 2011 (after a very weak Q4),” wrote Nomura’s global head of G10 FX strategy, Jens Nordvig in an email.  From November to January, central banks reduced their US dollar holdings by $9 billion; “given a fairly strong trend in global reserve accumulation Read more…

NATO Warns of Food Crisis and More Unrest, Prices Increase 15% in Four Months

February 21, 2011 Comments off
The potential of high food prices to act as a trigger for social and political changes has been evident across North Africa and the Middle East in 2011. Higher food prices, coupled with a financial downturn, have impacted hard on the region’s people. Those hit hardest are the poor, who spend a higher percentage of their money on food. 

The World Food Program’s representative in one of the countries which has seen protests, Yemen, recently stated: ‘There is an obvious link between high food prices and unrest.’

Credit: NATO

The 2008 food crisis was a warning of things to come. More recently, food prices rose by 15% in just the period October 2010 to January 2011, according to the World Bank’s Food Price Watch.

This time, the impacts have been felt more keenly in political and security circles. The President of Read more…

Follow

Get every new post delivered to your Inbox.

Join 301 other followers