Why the Sell America Trade May Be Back On- And What It Means for the Dollar; Here Is What Bank of America Says
Sell America: As global investors grow increasingly cautious about US assets, Bank of America’s latest survey reveals a significant shift away from the dollar and US treasuries. Peter Boockvar explains why central banks are diversifying into gold, how foreign ownership of US debt is shrinking, and whether currencies like the euro and yen are gaining …