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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (70644)10/29/2007 3:29:37 PM
From: ItsAllCyclical  Read Replies (1) of 116555
 
I'm getting to be a big fan of your blog, but this is one situation where I think you're at least partially wrong. Maybe you've addressed this, but most of the world's CB reserves are in Dollars (60-70%). Various reasons, but at least some of this is related to oil being priced in Dollars. If Opec goes to a basket you might find that CBs have more cover to divest of the Dollar and/or Dollar peg.

Making an analogy to a hotel room is only somewhat relevant imho.
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