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

To: Bill/WA who wrote (49366)	1/10/2006 4:45:33 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Dollar higher after report downplaying China diversification Tuesday, January 10, 2006 2:31:48 PM afxpress.com NEW YORK (AFX) - The dollar was higher against the yen and euro early Tuesday. Mike Malpede, senior currency analyst at Man Global Research, said the dollar threw off weakness against the euro after a news report quoted the research chief of the People's Bank of Chinaa saying the central bank was unlikely to diversify its reserves away from the dollar. In recent days, there have been conflicting reports about the bank's diversification plans. The Wahington Post reported that Chinese officials are determined to diversify. The dollar was up 0.1% at 114.55 yen, as the euro fell 0.03% to $1.2051

To: Bill/WA who wrote (49366)	1/10/2006 5:13:15 PM
From: Tommaso	Read Replies (4) \| Respond to of 110194

Actually I have been spending (in large part on taxes) or giving away the income from my Canadian investments so I have not tried to set up an account in loonies. I have certainly been telling anyone who would listen for the last several years that Canada was going to have a stronger currency than the U. S. But since all currencies now are fiat and subject to debasement and inflation, I try to reinvest what I can in commodity-linked stocks and funds. I don't know when the U.S. dollar is really going to fall off the cliff, but it looks to me that our government's international credit cards with China and Japan are about maxed out. There seem to be millions of ignorant citizens who think that these countries are borrowing from us, and even congressmen have spoken of our generosity in "allowing them to buy our bonds." I feel as if I am part of a family, many members of which are utter fools who are spending down our capital as fast as they can.