Fillable The illusory escape from dollar cash - int sc mufg

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Economic Viewpoint Brendan Brown Monday, May 23, 2011 The illusory escape from dollar cash Key messages: WATCH CREDIT MARKET TEMPERATURE, NOT SOCIAL MEDIA STOCKS! Who hasn't heard the tired mantra that at a time when the Bernanke Fed has driven the real interest rate on cash (and on short or medium maturity T-bonds) into negative territory investors should eschew US dollar cash or near equivalents (such as short...
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