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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (2331)11/15/2007 9:28:27 AM
From: kaydee  Read Replies (2) of 71475
 
<<<Let me see if I have this new definition down correctly – “risk aversion” means you run to the “safety” of US Treasuries with falling yields backed by a collapsing currency and away from gold which has for 6,000 years been the ultimate store of value and the place for safety during times of economic uncertainty and fear! Hmmm… Maybe this is a symptom of our current education system which is more interested in teaching political correctness than history and sound economics and has produced this generation of mental midgets.">>>

An excellent point. I agree 100%...

I always hoped it will change. But Alas, I am disappointed so far...

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Right now (after CPI report of 3.5% from 2.8% and core at 2.2% from 2.1%) gold is down $20/-, treasuries are up and some experts are claiming, treasuries are shouting it AS A SIGN that the Fed has_to & will cut rates in December, 2007. Need I say more?
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