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

To: TobagoJack who wrote (50687)1/21/2006 11:03:03 PM
From: regli  Respond to of 110194
 
I completely agree. That article was ridiculous and doesn't address the practical issues that companies and CBs primarily hold currencies in which commodity transactions are conducted to reduce exchange rate risks. As Don Coxe says, every multinational has Euro dollars on their books for just such purposes.



To: TobagoJack who wrote (50687)1/22/2006 12:18:53 PM
From: Ramsey Su  Read Replies (1) | Respond to of 110194
 
It just seems logical to me that if I have to buy oil with seashells, and I know I need xxx barrels of oil every month, wouldn't I at least stock pile a few months of seashells so I know I can buy the oil? I simply don't understand how anyone can draw the conclusion that the denomination does not matter.


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