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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: westpacific who wrote (62217)5/30/2006 2:57:36 PM
From: GST  Read Replies (2) of 110194
 
The US dollar has dropped 40% against the Canadian dollar in the last 3 years. I bought some simple paneling for my house yesterday -- each little bundle costs $8.93 US -- the new shipment came in and I bought 20 bundles -- the price? 13.73 per bundle. That is a 40% jump in one step. Don't kid yourself, the world will not cut prices to reflect the total destruction of the dollar. Saudi Arabia, Russiea and Venezuala won't say, "gosh, your dollar is toilet paper so we will give you a price break".

Nor will dollar denominated assets automatically drop in dollar terms -- the Fed will use all the taps they can flip open to try to keep the mighty USS economy afloat. There is only one answer to the dollar bubble -- leave the US.
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