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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (35543)	8/18/2005 12:20:00 PM
From: sciAticA errAticA	Respond to of 116555

re: Not if the other currencies go to zero faster. ========== ... in my view... ... you describe a race to the death, that no fiat currency would survive... ... that would be of little consolation to $ investors... ... but please, give it a try...

To: Oblomov who wrote (35543)	8/18/2005 12:38:01 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Not if the other currencies go to zero faster. That is in fact quite possible, but I do not think it is likely. It all depends on how hard each country fights the upcoming recession. No one really knows and that is a wildcard. BTW, all currencies can not go to zero relative to each other. If every country fights the problem with equal amounts of looseness, we might not see as much currency movements as people expect. That is a point I was trying to make. Mish