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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: robert b furman who wrote (10090)	3/7/2006 12:03:18 PM
From: Rarebird	Read Replies (2) of 12410

>>The dollar has been propped up by high rates for years.I think its decline will help buisness and global exports.<< The Fed announced on November 10, 2005 that it would cease publishing M3 data from March 23, 2006 onward. Three days earlier, on March 20, the Iranian Euro Oil Bourse is due to open. Combining these two events leads to a poisonous cocktail for the US Dollar. With the disappearance of the Fed's M3 reports, the US monetary system becomes opaque. It will become hard indeed to know what the total quantitative numbers are of the size of the US total stock of money. With the arrival of the Iranian Euro Oil Bourse, the US Dollar loses its post WW II stranglehold on the global market in oil. From then onwards, the Euro will act as a parallel oil currency. On top of everything, the Treasury reached its debt ceiling on Feb. 16. It is likely to run out of borrowing capacity sometime in March. I'd tend to agree with those who think a possible "Perfect Storm" is coming.

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