Willem Buiter warns of massive U.S. dollar collapse

January 7, 2009 by · Leave a Comment
Filed under: Opinion 

Americans must prepare themselves for a massive collapse in the dollar as investors around the world dump their US assets, a former Bank of England policymaker has warned.

The long-held assumption that US assets – particularly government bonds – are a safe haven will soon be overturned as investors lose their patience with the world’s biggest economy, according to Willem Buiter.

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