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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Claude Cormier who wrote (69877)10/3/2007 12:47:25 AM
From: mishedlo  Read Replies (2) of 116555
 
There are all sorts or reasons why Germany, Japan, China, Brazil, or Kuwait might not want to hold dollars vs yen vs euros vs pounds.

I am not attempting to refute or support those reasons. Some of the "reasons" may even be convoluted.

But logically pricing unit is not a valid reason. But notice I said "logically". If people on this board are having such a difficult time with this simple construct, perhaps a dingbat in charge of some other country is holding dollars because of the pricing unit.

But given that Iran and even Venezuela do not hold dollars regardless of the pricing unit, I would suspect that other countries find no bind either (regardless of what they say for political posturing).

Mish
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