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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Haim R. Branisteanu who wrote (88411)	11/3/2007 5:35:36 PM
From: Real Man	Read Replies (1) of 110194

I guess these guys are always right predicting a change of intermediate term trend -g- It better, with 130-year low against the loonie. Technically there are no supports; some weak one at 72. Net international investment position is still negative at - 2.9 Trillion. I think the dollar won't put a bottom any time soon, unless the Fed actually stops cutting and starts RAISING FAST. That, or others start cutting, a slim prospect with oil this high and foreign economies stronger than US economy. Negative cash flows from trade balance and now carry trade. We are going to 60-s for the USDX, maybe lower. Yen was borrowed forever, so can USD. Who's gonna buy it? I know a few potential large SELLERS, and US of A still requires $2 billion a day foreign inflows just to keep the dollar steady. It's a long way to go before out trade deficit actually reverses. Currency trends just keep going, and the fundamentals for USD suck. Now the foreigners could actually cry uncle and dump, then we get a crisis.

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