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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: koan who wrote (69328)9/23/2007 11:24:02 AM
From: Tommaso  Read Replies (2) of 116555
 
>>>200 basis points almost seems inconceivable to me, as does a dollar at 72, as those events would surely crush the dollar.<<<

The first has not happened yet and the second would already be, by many people's definition, "crushed." The dollar is already close to 78. To me, "crushed" would be 60 and lower. That would imply another 30% rise in oil, to $110, gold to $1,000, and commensurate increases on all imported goods. And it could happen within two years.
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