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

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To: russwinter who wrote (24461)1/12/2005 9:42:36 AM
From: gregor_us  Read Replies (1) of 110194
 
Last Week Was Clearly the Time to do a Resumption of Trend

trade, with the comical (and cynical) "rally" in the USD knocking back all the anti-dollar trades.

On the political front, I'm looking for Washington (Snow/Fed) and Europe (Issing) to drive the Bulldozer of complaint further forward today, this week, and make verbal war on the Asian currencies--in the wake of today's Boffo Trade Numbers (replete with upward revision of OCT--and a FALL in exports. Whoo!). Of course, every move they make now sets off other pressures, as you have pointed out. They are splayed, in a cats cradle of offsetting reactions. So they can go ahead and verbally "hit hard" Asia for the sake of public consumption--but they're the guys who have kept the mountain of treasury supply off the open market.

My answer: they have to feed the stock market now and risk gettng the USD below 80.00 on the USDX.

LP
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