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


To: russwinter who wrote (28355)3/11/2005 8:32:53 AM
From: orkrious  Read Replies (2) | Respond to of 110194
 
I would also add that these players may be doing this deliberately as a warning to the US to start defending it's currency.

with no foreign currency reserves, what is the US gonna do, buy dollars with dollars? <g/ng>



To: russwinter who wrote (28355)3/11/2005 1:52:08 PM
From: Colin H  Respond to of 110194
 
Looks like Bush got the warning! Defense is in high gear!

whitehouse.gov

THE PRESIDENT: Let me ask you something about the Thrift Savings Plan. This is a Thrift Savings Plan that has a mix of stocks and bonds?

MS. WEBSTER: Yes, sir.

THE PRESIDENT: Now, how hard was that to learn how to do that?

MS. WEBSTER: And I chose the safe plan, government bonds. (Laughter.)

THE PRESIDENT: That's all right. Well, not so safe, unless we fix the deficit. But other than that -- (laughter). We're fixing the deficit. (Applause.)