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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (62362)5/31/2006 7:45:15 PM
From: Ice Cube  Read Replies (1) of 110194
 
the only problem with all this is that the rest of the world is a mess.

I spend most of my time in Asia on business and I can tell you the economic dislocations are too great in Asia for there to be a replacement of the dollar as a reserve currency. Govt. and corporate corruption, rule of law, property rights etc just won't allow these economies to overtake the U.S. in any meaningfull way.... Europe is a mess also..... As I like to say, "if the dollar falls, another currency has to rise"... so which one? ...... The Yen? Japan is a mess in terms of demographics and their currency has always been used behind the $..... Sure the Euro has gained some ground, but everyone knows that the failed policies of most of Europe make it impossible for the continent to overtake the U.S. as a world power (economic)

I think a problem most people havce is that they never travel for any extended period of time or do business in other countries, so when people take a stat and try to make sense of it, there is no basis in the real world as to the truth.

Sure there are booming areas of the world, but as sure as I am writing this, the govt and powers that bein those countries will blow up a good thing.
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