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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (6536)11/3/2002 2:55:18 PM
From: Michael SpharRead Replies (1) of 306849
 
No flames from me Grace. One thing that often seems to be neglected in terms of liquification, its not just America's money that the Fed is providing, its the world's money. Like the language we speak as a first language, the US dollar is the world currency. Almost everywhere I've traveled a greenback was gladly taken in preference over the local currency. I think much of the "highly inflationary fiscal stimulus" of the Fed just virtually vanishes into foreign exchange at all levels of finance despite perceptions of the relative strength of the dollar.
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