Mar 23, 2011

There Are No Alternatives To The US Dollar As A Reserve Currency

"I'm not in the camp of those who think there's a chance of a long-term dollar collapse. What are the alternatives? People are sort of unhappy with the dollar, but the reality is there is no real alternative. A loss of the U.S. currency's preeminence will be gradual process, but I don't think the key role of the dollar is in jeopardy." - in The WSJ