Epstein Secrets

BLU EGOLD Central Banks' Losses from EURUSD this Year: USD300 Billion and Counting Stephen L Jen May 6, 2010 Bottom line: Central banks have sustained USD300 billion in valuation losses (YTD) from the depreciating euro. The level of angst at t

uesstimates. We made the conservative assumption that central banks have a disproportionately high exposure to German bunds and low exposure to the PIIGS bonds. But even with our conservative assumption, we find that it is possible that global central banks have close to a third of their EUR holdings

BLU EGOLD Central Banks' Losses from EURUSD this Year: USD300 Billion and Counting Stephen L Jen May 6, 2010 Bottom line: Central banks have sustained USD300 billion in valuation losses (YTD) from the depreciating euro. The level of angst at t

uesstimates. We made the conservative assumption that central banks have a disproportionately high exposure to German bunds and low exposure to the PIIGS bonds. But even with our conservative assumption, we find that it is possible that global central banks have close to a third of their EUR holdings

BLUEGOLD Central Banks' Losses from EURUSD this Year: USD300 Billion and Counting Stephen L Jen May 6, 2010 Bottom line: Central banks have sustained USD300 billion in valuation losses (YTD) from the depreciating euro. The level of angst at t

uesstimates. We made the conservative assumption that central banks have a disproportionately high exposure to German bunds and low exposure to the PIIGS bonds. But even with our conservative assumption, we find that it is possible that global central banks have close to a third of their EUR holdings