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

To: mishedlo who wrote (43479)	10/17/2005 12:38:34 AM
From: bond_bubble	Read Replies (1) \| Respond to of 110194

Other countries will be running their printing presses PLUS release/spend their hoard of US Treasuries!!! That is why dollar has to fall more - relative to others - but not necessarily worthless - may be 50% is not bad estimate!!! Also, other countries, have savings that will balance some of the debt created by printing - There is none in US. So, my prediction is 1USD = 0.5 Euro in couple of years after recession starts. In 1930, when UK got out of gold standard, pound fell by about 40% in 2 years (compared to gold/usd). And Pound was hardly as omnipresent as USD today in central banks.