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

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To: Wyätt Gwyön who wrote (54294)	2/20/2006 6:29:06 PM
From: TimbaBear	Read Replies (1) of 110194

Timba The USD is as strong as it is, in no small measure due to the US consumer buying the bulk of his stuff overseas. Darffot honestly i thought that was why USD is supposed to be weak (since we have a huge C/A deficit). this is the moralizing line taken by goldbugs. USD weakness, like the weakness of any fiat currency, comes from the perception of ability to honor the fiat. Thus it isn't the current account deficit that matters as much as the current budget deficit combined with the accumulated indebtedness of the US Government. Timba brings into question (perhaps) the wisdom of FCBs' continued holding of the sizable stores of USD and, perhaps, switching out those holdings for a fiat that isn't quite as extended credit-wise or into commodities which don't need to rely on fiat. Darffot i assume by "wisdom" here you mean the "investment wisdom" of FCBs. You assume incorrectly and then go on to fight a strawman of your own creation. I meant exactly what I said. If I had meant to include the word "investment" I would have done so. Timba

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