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Politics : PRESIDENT GEORGE W. BUSH
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To: jlallen who wrote (663521)12/2/2004 9:55:45 AM
From: DuckTapeSunroof  Read Replies (1) of 769667
 
"it ain't gonna happen..."

Yep, foreigners who have lost 30%+ on their US debt and equity investments over the past 2 years (because of the dollar's fall), and are expected to lose another 10-15% this year, JUST LOVE making investments like that!

(Like all smart investors... they APPRECIATE their investments TANKING.)

The only things holding the dollar up now are:

1) the lack of suitable alternative stores of value.
2) the need to recycle their US export earnings.

(I expect the final leg down to 'near-Argentina status' for the dollar, and the trigger for rapid interest rate rises and domestic recession, will be when China finally fulfills it's WTO promises and moves to float the Yuan.)
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