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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (544)	4/30/2003 1:08:54 AM
From: LLCF	Respond to of 4912

<<With all the people receiving dollars all around the world, are they somehow hooking up talking to each other and deciding at once not to sell dollars because they collectively need a high dollar? Don't you think the Forex market is bigger then any one participant? >> I know... I said this: <<I find it hard to believe that on an individual [basis] the decision selling your dollars for another currency would include worrying about ""what I"m holding will be forced down by my own selling""... >> < Someone worrying about a lower dollar doesn't buy dollar denominated assets, they sell them. >> Look, we could talk about getting dollars for goods sold as so many goods are priced in dollars. We could also talk about how dollar reserves have been accumulated over the decades during the 'up' or simply complacent times... trying to dump them all at once can disrupt markets and lead to getting ripped off by the I-Banks [gotta there.... I used to do that :) ]. So you go slow.... or not so slow: quotes.ino.com But what's the point, it's all basic stuff... just like selling dollars if you think it's going down.... or lot's of people just don't pay attention. I differ with you that holding a dollar US always = a rational thought out bet on the US economy... and even then, supposedly rational people were holding the S&P @ 1400 too. The US is lucky [maybe we even earned it!] enough to have their currency as THE reserve currency, that's it IMO. Now you may also recall lots of us buying Euro denominated bonds for our accounts at about prices at the beginning of that chart, saying the same thing. OR Jay Chen, myself and others buying $CD denominated stuff about the bigging of this chart: quotes.ino.com Lets stick to the main point... you don't think there is an imbalance and I do. Period. You want to play dueling economists or just drop it? So far I'm very happy about my opinion, and of course respect the economists I follow that much more. DAK