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


To: Crimson Ghost who wrote (29382)3/25/2005 3:51:27 PM
From: LLCF  Read Replies (1) | Respond to of 110194
 
<Long-term the buck is toast, but it is not going to go down the drain without a fierce fight IMHO.>

Well, lets' look at the "fierce fight" scenario. Who is going to fight to keep it up? And how will they "do" it? Comments by all are welcome on this one... I'll start.

IMO: Nearly every Asian country is going to sell on the rallies... OK maybe they sell in the high 80's or even higher on a spike, but I don't see them buying more to keep it above where it is now. Europe?? They seem to have enough problems, although they may be more likely than Asia. Greenspan?? Well, what can they do other than raise rates, which IMO is politically impossible if ANYTHING like what is written daily right here on this tread even appears to begin to pan out. I don't think there is an economist even allowed within miles of having any influence that doesn't think all problems are cured by easy money. So, yes... as long as things muddle along, rates can go up... how long will that last is probably an important question for those of us convinced GoldShares are a long term buy but don't want to get killed waiting for "Greensprint's Fed" to panic and start buying stocks and bonds.

DAK



To: Crimson Ghost who wrote (29382)3/25/2005 4:15:37 PM
From: mishedlo  Read Replies (3) | Respond to of 110194
 
toast against what
The pound the euro the yen?

Watch what happens when Europe tosses out the stability pact.
What happens to the YEN when Japanese exports collapse?
Is Great Britain's bubble and govt spending that much better than ours?

Can you tell me against what the $ crashes?