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bsrsharma
ParticipantDollar Reaches Breaking Point as Banks Shift Reserves
Oct. 12 (Bloomberg) — Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades.
Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according to data compiled by Bloomberg. Nations reporting currency breakdowns put 63 percent of the new cash into euros and yen in April, May and June, the latest Barclays Capital data show. That’s the highest percentage in any quarter with more than an $80 billion increase.
http://bloomberg.com/apps/news?pid=20601087&sid=aA6_py_71g_o
bsrsharma
ParticipantDollar Reaches Breaking Point as Banks Shift Reserves
Oct. 12 (Bloomberg) — Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades.
Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according to data compiled by Bloomberg. Nations reporting currency breakdowns put 63 percent of the new cash into euros and yen in April, May and June, the latest Barclays Capital data show. That’s the highest percentage in any quarter with more than an $80 billion increase.
http://bloomberg.com/apps/news?pid=20601087&sid=aA6_py_71g_o
bsrsharma
ParticipantDollar Reaches Breaking Point as Banks Shift Reserves
Oct. 12 (Bloomberg) — Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades.
Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according to data compiled by Bloomberg. Nations reporting currency breakdowns put 63 percent of the new cash into euros and yen in April, May and June, the latest Barclays Capital data show. That’s the highest percentage in any quarter with more than an $80 billion increase.
http://bloomberg.com/apps/news?pid=20601087&sid=aA6_py_71g_o
bsrsharma
ParticipantDollar Reaches Breaking Point as Banks Shift Reserves
Oct. 12 (Bloomberg) — Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades.
Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according to data compiled by Bloomberg. Nations reporting currency breakdowns put 63 percent of the new cash into euros and yen in April, May and June, the latest Barclays Capital data show. That’s the highest percentage in any quarter with more than an $80 billion increase.
http://bloomberg.com/apps/news?pid=20601087&sid=aA6_py_71g_o
bsrsharma
ParticipantDollar Reaches Breaking Point as Banks Shift Reserves
Oct. 12 (Bloomberg) — Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades.
Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according to data compiled by Bloomberg. Nations reporting currency breakdowns put 63 percent of the new cash into euros and yen in April, May and June, the latest Barclays Capital data show. That’s the highest percentage in any quarter with more than an $80 billion increase.
http://bloomberg.com/apps/news?pid=20601087&sid=aA6_py_71g_o
bsrsharma
ParticipantThis is the flag that you should probably move your funds out of bank deposits and put them in credit unions. NCUA seems to be more solvent.
bsrsharma
ParticipantThis is the flag that you should probably move your funds out of bank deposits and put them in credit unions. NCUA seems to be more solvent.
bsrsharma
ParticipantThis is the flag that you should probably move your funds out of bank deposits and put them in credit unions. NCUA seems to be more solvent.
bsrsharma
ParticipantThis is the flag that you should probably move your funds out of bank deposits and put them in credit unions. NCUA seems to be more solvent.
bsrsharma
ParticipantThis is the flag that you should probably move your funds out of bank deposits and put them in credit unions. NCUA seems to be more solvent.
bsrsharma
Participantam i required to disclose about this
Yes.
We bought a home that was involved in a similar suit about water logging, drainage and resultant differential settlement (of soil) issues. We were given a few microfilm reels of legal paperwork during disclosure (the litigation happened in the ’80s). Being a nerd, I even went to a library and read some of the microfilms and concluded most of the issues litigated were fairly minor. The seller got an award and used it to put some french drains. When we sold the house, we disclosed and handed over the microfilm reels (not sure if the buyers understood what to do with them; This was in 2005, when microfilm was obsolete).
The important thing is, our agent asked us if there was any lawsuit regarding our property and wanted enough information so that we were all on safe ground with respect to disclosure.
bsrsharma
Participantam i required to disclose about this
Yes.
We bought a home that was involved in a similar suit about water logging, drainage and resultant differential settlement (of soil) issues. We were given a few microfilm reels of legal paperwork during disclosure (the litigation happened in the ’80s). Being a nerd, I even went to a library and read some of the microfilms and concluded most of the issues litigated were fairly minor. The seller got an award and used it to put some french drains. When we sold the house, we disclosed and handed over the microfilm reels (not sure if the buyers understood what to do with them; This was in 2005, when microfilm was obsolete).
The important thing is, our agent asked us if there was any lawsuit regarding our property and wanted enough information so that we were all on safe ground with respect to disclosure.
bsrsharma
Participantam i required to disclose about this
Yes.
We bought a home that was involved in a similar suit about water logging, drainage and resultant differential settlement (of soil) issues. We were given a few microfilm reels of legal paperwork during disclosure (the litigation happened in the ’80s). Being a nerd, I even went to a library and read some of the microfilms and concluded most of the issues litigated were fairly minor. The seller got an award and used it to put some french drains. When we sold the house, we disclosed and handed over the microfilm reels (not sure if the buyers understood what to do with them; This was in 2005, when microfilm was obsolete).
The important thing is, our agent asked us if there was any lawsuit regarding our property and wanted enough information so that we were all on safe ground with respect to disclosure.
bsrsharma
Participantam i required to disclose about this
Yes.
We bought a home that was involved in a similar suit about water logging, drainage and resultant differential settlement (of soil) issues. We were given a few microfilm reels of legal paperwork during disclosure (the litigation happened in the ’80s). Being a nerd, I even went to a library and read some of the microfilms and concluded most of the issues litigated were fairly minor. The seller got an award and used it to put some french drains. When we sold the house, we disclosed and handed over the microfilm reels (not sure if the buyers understood what to do with them; This was in 2005, when microfilm was obsolete).
The important thing is, our agent asked us if there was any lawsuit regarding our property and wanted enough information so that we were all on safe ground with respect to disclosure.
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