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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (21511)7/26/2009 6:56:18 PM
From: RockyBalboa  Read Replies (4) of 71409
 
While I am everything but a dollar bull, particularly in a scenario where the main stimulus is done through printing dollars and not other currencies (aside from the chinese who buy the dollar and thereby inflate the yuan monetary base...),...

I wonder whether other central banks have learned anything from the 2008 debacle which was preceeded by rampant speculation until the other side of the currencies (like GBP, EUR) became grossly overvalued, which results we have seen shortly thereafter.

If central banks learned they would manage currencies (mostly: the dollar) and divide the printing efforts amongst various currencies.

Otherwise, the dollar will really fall, this time perhaps not stopping at 1.60 and then an unmitigated disaster follows. What might be interesting for speculators and fast-trading banks is hurting exporters and the real economy. Perhaps central banks find a way to reduce volatility in currencies.
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