Much unlike currency attacks in 90s, this time investors are betting currencies in dollar-pegging countries will appreciate and possibly break away from the peg. Policy makers in these countries feel compelled to do so as expansionary monetary policy in the US adds too much pressure on domestic inflation.
Edward Morse, chief energy economist at Lehman Brothers says high oil prices constitute an “asset bubble,'' and discusses U.S and Chinese strategic petroleum reserves. This is audio clip. (source: Bloomberg)