[lbo-talk] Why is the U.S. dollar regarded as a safe haven.

Doug Henwood dhenwood at panix.com
Fri Oct 24 20:12:14 PDT 2008


On Oct 24, 2008, at 9:37 PM, ken hanly wrote:


> One of the reasons given for the strength of the US dollar is that
> it is regarded as a safe haven. I can see that people might avoid
> currencies such as the euro because of the decline in economic
> prospects there and also in other countries which have declining
> currency values but why would investors not prefer gold or
> purchasing companies which are dirt cheap in many case rather than
> buying US dollars. What makes people think that it is safe?

Boss of capitalism.



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