The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: gregor_us who wrote (15930)	1/2/2009 6:50:40 AM
From: axial	3 Recommendations Read Replies (1) of 71456

Six months ago, nobody - nobody, not Roubini, not Mish - was predicting USD would be as strong as it is now. There's a logical explanation for what appears to be a temporary phenomenon, but USD defying gravity - even temporarily - was completely unexpected. The majority view was USD decline. Period. No interim strength. Depending on the school of economic thought, we read different predictions about the future. Conviction is an admirable thing, but even "experts" hold different views about the way things will work out. See the original post, here - is von Mises correct? Are we still on our way to a crash? Or has intervention and fiat money postponed the crash for another decade? Who knows? I'm a big fan of your comments, but recall that even you were careful when discussing reflation: "if" it works. Maybe it's a sign of the times: posters, apparently intelligent, are making illogical statements. Sure, there's lots of room for conjecture; that doesn't mean we should abandon reason. We should try to keep an open mind, but the poster's statement makes no sense. Jim

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