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The Business, London, Matthew Lynn column.(Column)
- Article from:
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Sunday Business (London)
- Article date:
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September 29, 2007
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Copyright informationCOPYRIGHT 2007 Sunday Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Matthew Lynn
Sep. 29--Worried about your portfolio? As the credit crunch continues to send shockwaves through the City, you are probably wondering where to park your money until it all blows over. The Swiss franc, maybe? Or US government bonds?
Actually, anybody looking for a safe haven would have been better off with the Thai baht, the Croatian kuna " or indeed, that well known anchor in troubled times, the Brazilian real.
One of the least remarked upon aspects of the credit crunch is the way that the emerging markets have become the new safe haven. The days when Asian tigers, or former Soviet republics with difficult to pronounce names, got blown apart ...
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