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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (1037)3/2/2004 3:13:52 PM
From: philv  Read Replies (1) of 116555
 
" With a stronger dollar, ``there'll be less intervention from foreigners, notably the Japanese, and because of less intervening there'll be less dollars to move into Treasuries, so a stronger dollar becomes a negative for the Treasury market,'' said Brian Edmonds, head of Treasury trading at Banc of America Securities LLC in New York. The firm is one of 23 primary U.S. government securities dealers that trade with the Fed's New York branch. "

Sounds good, but who will step up to the plate to buy US debt? I guess if interest rates go high enough they will find buyers. A stronger dollar and a rising interest rate? Seems counter intuitive as they both serve to undermine business and job creation. Will the miracle of a rising dollar, job creation and low interest rates happen?
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