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

To: Haim R. Branisteanu who wrote (37356)	9/16/2005 9:53:02 AM
From: Knighty Tin	Read Replies (3) \| Respond to of 116555

I think they are basically saying they are afraid of what will happen when the US economy completely collapses under its debt load. Since they are buying Bush Lira with fiat money of their own, it's not like they are actually putting something important at risk. Also, their oil bill is coming in dollars and is going up, thanks to the war in Iraq, anti-conservation policies, Katrina and incentives for price gougers. The Clown Buck has had a decent dead cat bounce and many buyers have made money in the short term, after losing for 4 years. The Eur has problems of its own, as does the British Pound. But the Yen is getting its act together, the Swissie is solid and the commodity currencies are roaring. The Yuan will slap the dollar silly sometime over the next three years and you don't even want to be holding any when that happens.