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Strategies & Market Trends : Waiting for the big Kahuna

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To: Dr. Voodoo who wrote (79090)1/24/2008 10:15:10 PM
From: Sawdusty  Read Replies (1) of 94695
 
Sorry, I didn't intend that to be a fly by cheap shot. I just can't see the currency to be fairly valued when the country:

- is the largest debtor nation in the world

- has sky high private debt

- has depended on consumer spending to hold it together for years

- has consumers using their house value as an ATM

- has real estate prices plummeting and foreclosures escalating

- has lost it's manufacturing base

and essentially has it's largest financial institutions basically insolvent once the truth is revealed.

Regards,
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