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

To: ild who wrote (58970)	4/21/2006 11:06:40 AM
From: ild	Respond to of 110194

No slowdown in O.C. rents Cost of apartments spiked 7% in 1st quarter to $1,441 a month ocregister.com

To: ild who wrote (58970)	4/21/2006 11:15:00 AM
From: Broken_Clock	Read Replies (1) \| Respond to of 110194

I guess some countries are blinking. -g- Let the stampede begin.

To: ild who wrote (58970)	4/21/2006 4:19:27 PM
From: regli	Respond to of 110194

This week Bernanke says that even "a disruptive adjustment in the U.S. trade deficit can't be ruled out" continuing on that "although U.S. trade deficits cannot continue to widen forever, these deficits need not engender a precipitous decline in the DOLLAR, nor should such a decline, were it to occur, necessarily disrupt financial markets, production, or employment". Then the IMF comes out and officially states that it is "stepping up the pressure for far-reaching shifts in exchange rates, declaring that the dollar will have to depreciate “significantly” over the medium term if global economic imbalances are to be resolved in an orderly fashion". Message 22373050 And today, the Swedes make it official by reducing their dollar holdings by close to half. Could a Central Banker or the IMF be more explicit in their warnings? Seems to me that being long the dollar is a highly risky strategy at this point.