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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: yard_man who wrote (20406)1/4/2005 5:55:08 PM
From: patron_anejo_por_favor  Read Replies (2) of 116555
 
<<Unless this is all a domestic, debt-driven effect, I don't understand ...>>

It is...think of what happened to the Argentinian Merval when their peso went spinning down the toilet (hint: it didn't go down). The Fed has been all too successful in killing savers in dollars, to the point that their efforts have scared them into any other asset: bonds, stocks, houses, foreign currencies, pork belly futures, the barbarous relic, you name it.
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