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Strategies & Market Trends : The coming US dollar crisis
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To: Giordano Bruno who wrote (10119)8/10/2008 6:12:05 PM
From: RockyBalboa  Read Replies (1) of 71456
 
One can be right at a hundred times. But if the herd doesn not agree there can be a lot of pain underway.

I remember that, amidst the first wave of EUR gains, the currency fell from over 1.2s to 1.14 or so, and when it took 1.12 I needed to refi dollars. The dealer, a friendly chap from lehman was able do it with a haircut and some interest charge and also agreed that the EUr is already way too cheap... that was in summer and by september the dollar would even scratch 1.07, putting the bull case under considerable strain.
It took bleak employment numbers and then some. But the dollar never looked back and within weeks we were at 1.17 and counting.

Ok. back in the game, its like, go with the program.
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