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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (53717)	9/28/2004 12:29:08 AM
From: Taikun	Respond to of 74559

So the European investors in RMC look at the greenbacks they're getting in the 'all-cash' purchase' and says "We don't want these. They can't buy anything. The US doesn't make anything we want". And the investors in Noranda say "We don't want to be paid in this undervalued currency." And the gov't of Canada says "How can you expect to acquire the god-given rights of this country with those girlie-men US dollars. Get rid of them and get us some real money". And the Chinese company goes back to their CB and says "We can't use these, we need Canadian Dollars or Euro" And then China offloads a few billion in Treasuries 'spreading holdings around other currencies...Euro, CDN$'. And then the US Treasury calls up the investment banks and tells them to buy Treasuries and then calls the SEC and tells them to tell the hedge funds to do the same otherwise they'll be regulated. And then JP Morgan buys a 'strategic stake' in a hedge fund so they can find out what the heck is going on with their investments, plus get more control over this money somehow leveraged 10000x. And then Morgan Stanley downgrades some oil sector stocks (PTEN, NBR) so they can use their overvalued USD to buy something the world really wants. And in the midst of this the market sells off dramatically in the last couple of hours, gold and silver rising in negative correlation...all the while being blamed on the four hurricanes and subsequent damage to the US economy. (Remember, it is almost always something 'unexpected'). And so we are now fully suited up to go to the TwoAPuc party.