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

To: futures speculator who wrote (37038)	7/26/2005 7:51:30 PM
From: regli	Respond to of 110194

>At first glance I'd say I agree, but look "under the hood". You need to differentiate between GROSS DEBT and NET DEBT.< This is a very important point!

To: futures speculator who wrote (37038)	7/26/2005 9:20:03 PM
From: mishedlo	Read Replies (4) \| Respond to of 110194

That is from 5 years ago. What is Japan's net debt now and what is US's net debt now? At any rate, currency trends are probably more influenced by interest rates and expectations as opposed to anything else. If wee were still on a gold standard (an enforced one) this would all be self correcting. Unfortunately it is not. BTW what happens to Japan's debt once a US consumer recession hits? Who will they sell their goods to? All I am saying is that we are talking relative differences here. All these fiat currencies suck if you ask me. As for Volker, yes he would have prevented this housing bubble for sure. His medicine is hardly the cure right now. Imagine 7% interets rates. Instant depression? Mish