The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: SouthFloridaGuy who wrote (7005)	5/6/2008 1:28:24 PM
From: John Vosilla	Read Replies (3) of 71456

'But the deflationists have it more right in assessing the overall macro implications, downside risks, policy choices, etc' You must be joking me. The only thing deflationists have gotten right is long term treasuries and that I believe is due more to back end monetezation of the yield curve, underreporting CPI by our esteemed leaders and excess petro and far east dollars circulating due to our massive deficits. Everybody predicted the regional housing crash which was a temporary gross misallocation of capital juiced up by lax lending standards.. Folks here in Florida would committ Mish to an insane asylum for calling what is unfolding 'deflation' even though they see there house value crashing. Whether a trillion goes to money heaven due to cramdown of RE values or the Iraq war is the same thing as long as our treasury creates more and more dollars plugging the dykes in a rigged system.. Remember for every dollar loss someone pocketed that dollar earlier (think the prior owner of inflated property or a contractor in the war) and the government prints another dollar to plug the gap.. KISS method sometimes work for those intellectually challenged<g>

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