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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (51012)1/24/2006 1:27:38 AM
From: John Vosilla  Read Replies (1) of 110194
 
"A 5% drop in the dollar results in a 10% capital gain in the assets we own that are denominated in foreign currency. The US owns 5.4 trillion in assets (as of the end of 2004) that are denominated in foreign currency."

Sounds like a boost for the wealthy while the poor working stiff in American gets to see his dollars by less and less. This gain would more than offset the loss in home prices by the well off. Another little mentioned point is how far interest income has come from where it was 2-3 years ago. That also brings an enormous boost in purchasing power for a certain segment of the population that was missing while the preconstruction condo flippers and option ARM crowd did their thing. There must be some grand plan out there to get us out of this mess<g>
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