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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Chip McVickar who wrote (24228)2/24/2005 10:54:35 PM
From: The IB Dude  Read Replies (1) of 116555
 
I'm a little lost here with respect to the article. Entertaining as it was, and one of the few bullish dollar pieces that I have read, I am at loss over the reasons for being bullish.

I'm just trying to figure out if I'm missing something here. The conclusion is that the dollar will remain stable but apart from taking a contrarian stand, what else pushes up the arugment?

I mean I keep on reading about the growing argument of unsustainable deficits (7% of GDP) and foreign central banks reluctant to keep buying dollars etc which to me all sound pretty valid arguments for a long term weakness of the dollar, but the article maintained its bullishness without any counter-arguments.

Sure there are perma-bears on the dollar and one has to be careful to read too much into them but are there any real meaty propositions as to why the dollar should maintain value based n structural reasons as opposed to ignore the herd mentality?
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