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Strategies & Market Trends : The coming US dollar crisis

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To: stockycd who wrote (1068)9/20/2007 6:00:19 AM
From: Real Man  Read Replies (2) of 71445
 
It's up to our foreign creditors, who just got screwed.
If foreigners sell their dollar bonds driving 10-year dollar
rates up (they own 1/2 of all treasuries), everything will
simply collapse IN DOLLAR TERMS along with the dollar. That's
what currency crises are made of. So far I see 10-year rates
went sharply down on safety bid, but the dollar is extremely
low, and the Fed's action was not to protect it, rather, let it
fall.
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