Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: sciAticA errAticA who wrote (32864)	5/20/2005 12:09:13 PM
From: John Vosilla	Respond to of 110194

Earlier this year Bill Gross, Alan Greenspan and Jim Rogers all were so sure long term rates were headed higher. So was I <g>

To: sciAticA errAticA who wrote (32864)	5/20/2005 5:49:57 PM
From: zebra4o1	Read Replies (1) \| Respond to of 110194

Jim Grant capitulated on interest rates too this week

To: sciAticA errAticA who wrote (32864)	5/20/2005 8:11:49 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 110194

I would have to say that I disagree with Gross' outlook for one simple reason. He did not take into account that the US dollar hegemony may be facing severe challenges in the immediate future. In fact, are we trying to force the issue as we pressure one of the biggest user of US$, China, to float their currency? Furthermore, most commodities such as oil are denominated in US$s. There may come a day that the mighty dollar is not longer the anchor currency, now how do we deal with all the dollar denominated debt? There is no doubt that China, India and the rest of the Asian countries will assume a larger and larger global economic role. The question remains if that process is fast enough to replace the declining Anglo-Saxon world?