The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (76022)	12/19/2006 4:16:43 AM
From: Mike Johnston	Read Replies (1) of 110194

I am a free market guy, but in this instance i have to give them credit. Instead of printing money to buy dollars, they decided to devalue their currency with the use of capital flow restrictions. US, Japan, Asia and to some extent Europe are all in a currency devaluation race to the bottom of the pit. But the dollar is toast, no matter how much Japan, China and Europe intervene to support it.

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