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

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To: yard_man who wrote (25296)1/25/2005 9:20:01 PM
From: mishedlo  Read Replies (3) of 110194
 
I actually think the powers that be here are trying to engineer a big dollar slide-- they have to, or it is lights out for the economy here ...

I disagree BIG BIG TIME
I bet Russ will agree

I think the FED has tried to engineer a US$ rally on pure BS so the $ doesn't puke when they pause.

Just imagine what would have happened if the FED paused when the US$ was at EU 1.36+
Panic?

They now have a cushion of nearly 7 cents on the Euro and almost 9-10 cents on the pound, the latter of which will fall as soon as the UK cuts.

Mish
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