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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (24182)11/11/2009 4:15:41 PM
From: GST  Read Replies (2) of 71463
 
ZIRP in Japan was set against a backdrop of a huge current account surplus -- this allowed the yen to be relatively stable. ZIRP in the US is set against a backdrop of a spiralling current account deficit -- there is no way to hold the dollar up under these circumstances. Fear of an unending fall in the dollar is fully justified by the disasterous fundamentals.
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