Investors seek safe harbour from US downturn

With the richest of the rich shorting the greenback, is there a place to hide in case of a US financial crisis?

Much has been said and written about the US budget and trade deficits and that, as a consequence of these, the US dollar is following a one-way street down hill. After all, even the richest of the rich source Forbes, Bill Gates of Microsoft and Warren Buffett of Berkshire Hathaway are short the greenback, diversifying or hedging their bets into other currencies. However, to take the euro as the most eligible alternative currency to protect against further depreciation of...

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