SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Real Man who wrote (78355)1/31/2007 3:30:57 PM
From: Tommaso  Read Replies (1) of 110194
 
The Japanese seem to be in a position to call the shots when it comes to currency values. Several years ago, they ought to have been building a position in gold (when gold was at about $250) but ever since Keynes called it a "barbaric relic" central banks have wanted to get rid of it. One might as well call a policeman's night stick a barbaric relic.

I didn't realize that the USDX is 57% Euro. The Euro area as a whole has a trade deficit, although Germany has a big surplus. Britain is getting about as bad as the U.S. Canada has a big surplus right now, but a lot of Canadians seem to think a strong Canadian dollar is a bad thing. Canada itself seems always a few steps away from breaking up into several separate countries. Japan is economically and culturally more tightly knit and in a position to makes its presence felt if it chooses. But I guess it does not want to be seen as responsible for the dollar's inevitable decline.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News