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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (3189)	8/1/2008 10:09:07 AM
From: Real Man	Read Replies (2) of 26251

No way. This is very desperate official intervention before a currency run, it never works (for long), because the currency markets are much larger than (any) central banks. The credit crisis has spread to systemic core - agency debt and US sovereign debt, both are widely held by foreigners. This is extremely bearish for the dollar and bullish for gold. You will see stock market dump, RE dump, bond market dump, dollar dump - the whole bearish fun enchilada. Message 24809428

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