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Clive Corcoran
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Clive Corcoran is an FSA registered investment adviser providing private client wealth management services, as well as being an author, financial educator/mentor and an independent trader. As an author he has written Long/Short Market Dynamics: Trading Strategies for Today’s Markets (Wiley,... More
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Long/Short Market Dynamics
  • US Dollar eclipsed by another reserve instrument unikely to result from calm deliberation 1 comment
    Apr 10, 2009 9:20 AM

    My guess is that the SDR (or any other surrogate instrument) will not replace the US Dollar as a result of calm deliberation - it will take another phase of the global debt crisis.

    Only when policy makers are staring at the precipice again and realizing that the games up will they come up with a new global unit of account and store of wealth - as before it will probably happen over a weekend with an announcement late Sunday before Tokyo opens.

    On second thoughts it might be announced in Shanghai early Monday before New York opens.

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    Author’s reply » Freya
    Morph just asked me, on his behalf, to thank you for the compliment.
    2 Jun 2009, 06:46 AM Reply Like
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