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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (21615)11/10/2004 1:33:30 PM
From: ild  Read Replies (1) of 110194
 
Date: Wed Nov 10 2004 12:52
trotsky (ECB) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
the ECB has apparently just intervened in euro/dollar to slow down the dollar's ongoing collapse.
this is beginning to look like the 1970's - i.e. more and more CBs are intervening to support the 'reserve currency' in defiance of the market's judgment - this is how a phase of monetary disorder begins, and ultimately the bureaucrats will be revealed as powerless.
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