An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, October 11, 2008
Worst week in history for the Dow and best investment was not gold, but the U.S. dollar
The "currency of last resort?" Hardly. Gold underperformed the U.S. dollar. By the way, gold stocks were among the week's worst performers--far worse than the Dow.
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