Diane Swonk, chief economist with Mesirow Financial, joins Marketplace Morning Report host Jeremy Hobson to discuss the drop off in gold prices and whether there is such a thing as a safe haven anymore.
Whenever there's a big economic crisis, investors usually flock to the safety of gold or U.S. government bonds. But when things got crazy in the last couple weeks in Cyprus, it was something called Bitcoin that surged in value.
A currency war sounds weirdly abstract, like a game played by rival politicians -- but it can have devastating effects in the real world. And it’s not all that different from a rivalry of different kind – a hypothetical sibling rivalry.