The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (26613)	1/28/2010 3:42:09 PM
From: carranza2	2 Recommendations Read Replies (5) of 71463

Vi, that is certainly a change from your earlier assessment that derivatives would lead to big trouble. What happens if Greece and/or Spain and/or GB and/or Italy default? Do you factor the possibility of any sovereign default in the mix? I am sure you do, but I see a default as really stressing the global system. We don't know to what extent derivatives 'insure' the PIIGS; but surely there are significant sums involved because of the total notional value involved. Surely some will be triggered in the event a even a smallish country defaults. With the USD gaining ground, it certainly seems that maybe, just maybe there is a bit of a flight to safety. Perhaps it has to do with the promise of higher interest rates. Anyway, I am surprised to see that you are now thinking the worst is over. I think it is indeed over, but only for now.

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