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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (7122)2/6/2004 3:26:23 PM
From: patron_anejo_por_favor  Read Replies (2) of 110194
 
It comes down to this: right now the US can't afford a "strong" dollar....we have too much debt that needs to be serviced, and it needs to be serviced cheaply. That means weaker dollars, and to the foreign bagholders, the Fed is saying loud and clear:

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..........''...\.......... _.·´
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Eventually the response will be competitive devaluation, but when it starts is anyone's guess....
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