Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: sitkapacific who wrote (50565)	5/4/2006 9:53:39 PM
From: LLCF	Read Replies (1) of 116555

<I agree there is no shortage of fundamental reasons to be bearish on the dollar, but I have to say how surprised I am at how many people are still under the impression that the dollar is actually falling - it hasn't been the case for over a year now.> It's well documented for dollar followers that last year was an anomoly and due in part to tax incentives to repatriate profits back to the US and into dollars. Smart money is flabbergasted that the dollar is this high. I'd rather bet on a giant crash right now (even though it's oversold) than on some pipedream rally to 104 that has been bandied about. OTOH, opinions are a dime a dozen... and I've been betting (quite profitably) against the dollara for years. :) This trade has just started... and along with it's "flip side" (long gold) is probably the last great Macro trade of my lifetime (I'm 50). DAK

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