The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: Wyätt Gwyön who wrote (26402)	2/14/2005 8:59:42 AM
From: russwinter	Read Replies (1) of 110194

Exactly, plus there is one other characteristic of this aversion for USD, classic flucht in die sachwerte (flight to real goods). Exchanging Dollars (Old Maid Cards) for subways certainly qualifies as that in my book. As far Mish's comment about some point of diminishing return on holding Euros, that could very well be the triggering to serious flucht in die sachwerte, where we get the $75 oil, $600 gold, etc, etc. Mish <I doubt that Malaysia by itself means a damn thing> I wouldn't hold my breath on this one. If it's "just Thailand and Malaysia" doing this, then a serious crisis might be averted, but I'm sure not betting on that.

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