Tuesday, February 22, 2011

Mr. El-Erian and the Libyan Crisis

Mr. El-Erian was interviewed by Mr. Keene on Bloomberg regarding the recent crisis in Libya. The interview revolved around a few issues that one would expect; the price of oil, geopolitical risk, inflation, etc. What I thought was interesting was that near the end of the piece Mr. El-Erian mentioned the US Dollar. He noted how the flight to quality and safety that usually occurs during these kinds of situations barely moved the dollar. Mr. El-Erian stated this is because investors and traders are realizing that the United States is being perceived more negatively and as having a higher risk than in the past. I agree with him. The world's perception of the US has changed and is changing...

1 comment:

  1. Mr. El-Erian is great person, As a person i like him, I hope they find the solution of recent problem and stop booming in Libya.

    Online Computer Store