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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (22397)	11/24/2004 7:15:39 PM
From: Kailash	Read Replies (1) \| Respond to of 110194

Well exactly, we're in the same boat and one way or another we'll be screwed together. If the US is perceived to be pursuing its own domestic interests at the expense of its trading partners, they're going to be looking for ways to shift the cost back to us. The question is, what's really the smart thing for them to do? (There are lots of smart things we could be doing, but I don't see us doing them.) The most likely behavior of Japan and China is surely to move slowly -- allowing the dollar to fall without destroying the US appetite for their goods overnight. Balance that against Steven Roach's 10% chance of avoiding armageddon... K