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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: TobagoJack who wrote (48140)3/14/2006 6:02:47 PM
From: benwood  Read Replies (2) of 116555
 
good post, Jay. I hadn't thought about the port deal in the context of demand for our dollars/assets/debt instruments, but you are right. It could easily turn out to be a turning point in the history of the US dollar as global reserve currency. Like when the Titanic hit the iceberg and it seemed that everything was fine (even fun for those playing with the ice on the deck). But things began to unravel, quietly at first, a few minutes later.
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