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Safe havens or horror shows?
Covepoint's Karthik Sankaran on why we need to rethink our notions of safe and risky assets. "The architects of the Euro confused the size of the currency area with the quality of a currency," he notes. "To qualify as a genuine safe haven, the issuer of a currency needs to be able to grow faster than its debts."
By Karthik Sankaran Safe as houses! Well, that didn’t work out too well.With the cautionary experience of the last decade in mind, perhaps it is time to rethink our notions of safe and risky assets. This is particularly true in the currency markets, where we are now told that the US
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