T, thanks for the response. I guess I was too cute by half, I omitted a key phrase, wanting to play a 'word game' with MB, who so often answers my 'unspoken' questions ... :)
Anyway, the phrase would have been something along the lines of "I find these current flight to safety arguments a bit lame"
Either: 1) these bond/currency guys are stupid (which I doubt), or 2) people here on this thread (including Fleck, Tice, etc) are wrong about credit problems (which I also doubt), or 3) or there's something weird going on, where the USD is being supported by all the big players, despite natural self-interests (China, for instance) ... it makes me wonder if there isn't a growing appreciation, worldwide, about the "abyss below".
Regards,
Terry |
