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: regli who wrote (50763)	5/8/2006 2:55:21 PM
From: ild	Read Replies (2) of 116555

<<<U.S. WILL have to defend its currency>>> That's a big assumption. What I see is that the US wants lower USD not higher. Didn't Bernanke say that the US has "Capital Account Surplus", so our big trade deficit is THEIR problem. federalreserve.gov I just don't see the US defending USD. Not to mention that it doesn't have anything to offer in exchange for USD.

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