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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: jimmg who wrote (76060)12/19/2006 11:01:02 AM
From: GST  Read Replies (2) of 110194
 
What do you think happened at the Fed when they got the news of the Thai mini-crash? Action? No action? If action, what action? The fact that Thailand was trying to protect itself against dollar weakness and the speculation borne of dollar weakness is an indicator, not a cause of anything in my view. What it indicates is a world awash in dollars, with hot money looking to play dollar weakness where and when they can.

The dollar is like Fidel Castro -- you can only deny he is sick so many times before people start preparing for life after Castro. So it is for the dollar -- it is very sick indeed, but not quite dead yet. The Fed will try to manage the transition -- using its power to maintain "calm". But in the end there can be no real calm when the currency used to grease the wheels of the world is so tragically weak.
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