Moody’s U.S. Downgrade Triggers Alarm for Asia’s Dollar Assets

Moody’s U.S. Downgrade Triggers Alarm for Asia’s Dollar Assets

from 21st Century Wire: William Pesek of Asia Times reports… TOKYO — If Pan Gongsheng gets tired of central banking, the People’s Bank of China governor may have a future in hedge fund management. In March, before the April chaos in US debt markets and last week’s US credit downgrade, Pan’s PBOC and the State Administration of Foreign […]