Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Amark$p who wrote (100603)	8/10/2009 7:22:37 PM
From: mishedlo	2 Recommendations Read Replies (3) of 116555

Can you please explain how it could possibly work? Take into consideration 1) The US dollar floats. How does one devalue it? What are you pegging it to? 2) Could the US defend a currency peg even if they tried it? 3) Japan, Europe, China, and the UK do not want their currencies to rise. Everyone wants a weak currency to keep exports alive 4) China is printing more than the US on a relative scale 5) What on earth makes you think the US would do this even if they could? 6) Why would the US even want to do such a thing, outside of certain nut cases like Mankiw? 7) Assuming the US did this, pray tell why would it increase velocity? I think it would crash it as import prices would immediately rise beyond what people could pay. Mish

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