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Strategies & Market Trends : Ride the Tiger with CD

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To: Zincman who wrote (131638)9/24/2008 9:27:11 PM
From: riversides  Read Replies (3) of 312258
 
I do not share the widespread view that the dollar will collapse. This has prompted a volley of hostile comment, as if I was somehow turning traitor to the cause of bears, or had become an optimist overnight.

The reason why it will not collapse - at least for now - is that the euro is facing an even deeper and more intractable crisis, Britain is mangled, Sweden frozen, most of Eastern Europe is facing a swing from property boom to bust, Brazil is about to slow dramatically, Japan is in full-recession, and China's banking systems is buckling, as Fitch warned today.

blogs.telegraph.co.uk
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