The governments of Japan and Korea have recently made statements about "diversifying" their foreign exchange reserves. With foreigners holding 53% of marketable US Treasuries, statements like this scare many economist. What does it all mean? And what might happen to the U.S. economy if other countries stop investing in our dollar.
http://thekojonnamdishow.org/shows/2005-03-14/foreign-exchange-reserves-us-dollar
Foreign Exchange Reserves & the U.S. Dollar
Listen Monday, Mar. 14, 2005 at 1:06 p.m. in Economy, PoliticsGuests
Greg Ip
economics reporter, Wall Street Journal
Peter Goldstein
Senior Editor for Economics, "Kiplinger"
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