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Strategies & Market Trends : The coming US dollar crisis

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To: TH who wrote (9408)7/9/2008 7:41:32 AM
From: Real Man  Read Replies (3) of 71475
 
TH, because they can't defend 72 forever. The forex market
is much bigger than they are. Therefore, 72 goes down at some point,
until the fundamentals warrant a dollar rally, which they
don't at this point. Only Ben can defend 72 by raising interest
rates. If he is just bluffing (likely), or does not raise
fast enough, the dollar will go down, fast, and soon, as Ben
loses whatever leftover credibility he has left. I do think
he understands that, though.
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