The stock market’s ‘Santa Claus rally’ hasn’t come to town — so ignore the
caroling
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The stock market’s odds of rallying before Christmas are no better than
they are at any other time of year — and maybe even worse.
38 minutes ago



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"The reality is that the dollar, for many reasons, will remain the principle reserve currency," he told the gathering which included political and business figures.
"But I think that we are likely to move to a system where there will be multiple reserve currencies.
"Over time I believe the renminbi could be part of this but, obviously, China has to move towards an open capital account," he said.
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