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

To: Broken_Clock who wrote (59659)	4/26/2006 11:58:53 PM
From: TobagoJack	Read Replies (2) \| Respond to of 110194

<<dollar deflatulation>> ... sounds like an ugly way to reach a beautiful state :0) i actually find DD worrying, as HKD is pegged to USD and thus our income PPP will deflatulate. the longer term service contracts with european clients are now being bandies with Euro terms, a necessity for keeping pace with PPP, as HK economy is truly open, as is the border, as opposed to simply in a theoretical sense or philosophical way currencies on free float is not a good thing, as it adds to uncertainty, and so increases actual cost due to explicit/implicit hedging imagine big macs on free float against the dollar on a per store basis ... what a mess :0)