Dollar Demand = Global Economy Has Skidded Over The Cliff…”in terms of demand for USD–you ain’t seen nuthin’ yet.”
by Tyler Durden
ZeroHedge.com
03/18/2015
Borrowing in USD was risk-on; buying USD is risk-off. As the real global economy slips into recession, risk-on trades in USD-denominated debt are blowing up and those seeking risk-off liquidity and safe yields are scrambling for USD-denominated assets. Add all this up and we have to conclude that, in terms of demand for USD–you ain’t seen nuthin’ yet.
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