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Reuters — World needs to end risky reliance on U.S. dollar: BoE’s Carney

Summary:
Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilizing" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency.… Boom!!! (Sound of heads exploding.)ReutersWorld needs to end risky reliance on U.S. dollar: BoE's Carney Writing by William Schomberg; Editing by David Milliken

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Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilizing" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency.…
Boom!!! (Sound of heads exploding.)

Reuters
World needs to end risky reliance on U.S. dollar: BoE's Carney
Writing by William Schomberg; Editing by David Milliken

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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