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

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To: futures speculator who wrote (37038)7/26/2005 9:20:03 PM
From: mishedlo  Read Replies (4) of 110194
 
That is from 5 years ago.
What is Japan's net debt now and what is US's net debt now?

At any rate, currency trends are probably more influenced by interest rates and expectations as opposed to anything else.
If wee were still on a gold standard (an enforced one) this would all be self correcting. Unfortunately it is not.

BTW what happens to Japan's debt once a US consumer recession hits? Who will they sell their goods to?

All I am saying is that we are talking relative differences here. All these fiat currencies suck if you ask me.

As for Volker, yes he would have prevented this housing bubble for sure. His medicine is hardly the cure right now. Imagine 7% interets rates. Instant depression?

Mish
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