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Strategies & Market Trends : The coming US dollar crisis
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To: Gary Mohilner who wrote (2941)12/13/2007 2:26:27 AM
From: Real Man  Read Replies (2) of 71463
 
Things are different now, Gary. Cuts are bearish for the dollar.
The administration has less room to cut taxes, and Bernanke
has less room to cut the rates because of
the weak dollar. The dollar is threatening to melt down,
then either the Fed has to raise to stop the currency
meltdown, or the cuts become ineffective because the rates
on the long end skyrocket. The forgotten currency risk. I
would argue that the dollar meltdown has already started,
so I am not sure the Fed can cut 100 basis points the market
expects them to cut by the Summer. This is exactly the
reason they came out with CB cooperation plan. They can't cut,
others can. It won't help. BIS was formed some time in the
30-s, and it did not help.
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