The coming US dollar crisis Message Board

STOCKTALK

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 coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Real Man	5/9/2007 10:31:15 AM
	Read Replies (2) of 71406

The USD is due for a technical bounce here, since 80 is the last support level. Once 80 is broken, I am not sure how rapid the decline might be, but 40 could be a possibility. I expect some "toughness" from the Fed today. Despite all their appeals to Japan and China, I don't think they want a dollar crisis. The only tool they have to stop it is raising the interest rates. They don't have any reserves, except gold reserves. And, the carry trade is pretty overcrowded already. Unfortunately, given that most numbers coming from the government today are lies, and the hyperinflation similarities, I see a possibility that the dollar goes into severe tailspin and never recovers.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next