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Strategies & Market Trends : Waiting for the big Kahuna

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To: blitzfund who wrote (79203)	1/27/2008 11:35:04 AM
From: Real Man	Read Replies (1) of 94695

We are not Japan, Blitz - not even close. BIS discussed "risks of sharp adjustment of exchange rates due to trade imbalances", meaning the dollar crash. Bonds just don't go up under the circumstances. So far all other risks they discussed materialized. FWIW, Japan always ran large current account surpluses, and remains the World's largest creditor. We are by far the World's largest debtor, with our loans denominated in Yen. No, this is not 1929, it has all the markings of a currency crash. FWIW, the dollar instantly crashed during the Great Depression when the government revalued it's gold convertibility, from 1 Oz = 20$ to 1 Oz = 32$.

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