tag:blogger.com,1999:blog-1331441403058020963.post6464256146688165803..comments2024-03-28T06:49:24.930-04:00Comments on International Political Economy at the University of North Carolina: S&P and Exorbitant PrivilegeThomas Oatleyhttp://www.blogger.com/profile/14092437150746625670noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1331441403058020963.post-90837465854002489832011-08-13T17:29:08.134-04:002011-08-13T17:29:08.134-04:00This post is confusing. You use foreign exchange d...This post is confusing. You use foreign exchange data to try and explain capital market movements.<br /><br />The dollar isn't the Treasury market. Moreover, using FX data to explain continued demand for greenbacks is a really bad idea since, the last I checked, the dollar was plumbing <a href="http://www.federalreserve.gov/releases/h10/summary/" rel="nofollow">all-time lows</a> on indices maintained by the Fed. <br /><br />It isn't just Swiss francs and Japanese yen that folks want but pretty much anything else other than dollars. <br /><br />If this ain't the case, then I'm a true believer in "strong dollar" policy.Emmanuelhttps://www.blogger.com/profile/04615366847433704476noreply@blogger.com