https://www.scmp.com/rss/330065/feed Benjamin J. Cohen is professor of international political economy at the University of California, Santa Barbara, and the author of Currency Power: Understanding Monetary Rivalry. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com With equities slumping, exchange-rate volatility increasing and political risks intensifying, financial markets around the world have hit a rough patch. In times like these, international investors generally grow cautious and prioritise safety over returns, so money flees to safe havens that provide secure, liquid investment-grade assets on a sufficiently large scale. But there are no obvious safe havens today. For the first time in living memory, investors lack a quiet port where they can take... https://www.scmp.com/comment/insight-opinion/united-states/article/2181285/when-even-us-treasuries-are-no-longer-safe?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/united-states/article/2181285/when-even-us-treasuries-are-no-longer-safe?utm_source=rss_feed Wed, 09 Jan 2019 06:00:15 +0000