Associate Dean Timothy Canova was quoted in an article in the  Washington Times, entitled “Treasuries Shaky as Investors’ Sanctuary.” The article discusses the “bubble” that has developed in the market for Treasury debt.  Dean Canova comments that there is not only a bubble developing in US Treasuries, but also in the US dollar.  Canova states, “A bursting bubble in the dollar in general and Treasuries in particular would be a catastrophe.” It likely would involve “a sudden drop in Treasuries and dollar-denominated assets” that would produce a “contagion” in markets around the world akin to the collapse seen last fall. Read article…