U.S. Dollar’s Dominance Seen Compounding Global Debt Problem The biggest-ever burden of peacetime debt worldwide, paired with the U.S. dollar’s sustained role as the dominant currency, is raising concern about what will happen when interest rates finally rise. Mike Dolan explains that the main problem is that the dollar denominates that debt pile. To read the full article in Reuters, click: Why Being the King of Currencies has its Pitfalls.
-
-
J.P Morgan Chase, Morgan Stanley Make New Hires. Other Banks May Follow in Move to Increase Accounting Credibility At the Wall Street Journal’s Overheard On the Street blog David Reilly reports that JP Morgan Chase and Morgan Stanley have made new accounting hires. Other banks may soon follow suit: