The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Paul Kern who wrote (130)	6/8/2007 1:42:34 PM
From: Real Man	Read Replies (1) of 71401

The Fed only directly controls overnight Fed funds rate. I don't think the fate of the dollar is up to the Fed and minions, but they sure can cause ST fluctuations. If the foreign CBs have started leaving the dollar ship, it will sink soon no matter what. Big if. You've just seen what can happen when they sell just a few billion dollars. They did it, this week. Bonds still have not recovered from the hit, even though I'm sure all king's horses and all king's men were consulting with the Fed and the treasury earlier this week. Foreign CBs have trillions. -g- I'd guess it was Japan who sold some, since they to have a rough peg in, and Yen is not normally allowed to be above (cheaper than) 120Y/$

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