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To: LoneClone who wrote (21256)9/17/2006 5:39:01 PM
From: John McCarthy  Read Replies (1) | Respond to of 78409
 
LC

>>>>>>>>>>>
The longer-term risk is that the combination
of a recovery in the US$
>>>>>>>>>>>

this is where my brain falls off the track .....

I am not fighting it .... and I am not NOT acknowledging
that it might happen ....

but the WHY of it is beyond my comprehension ....

I ask myself:

Is the dollar a BETTER piece of paper today than
the piece of paper it was last year ..... ?

And the answer to myself is that foreigners holding
dollars hold more of them this year than last year
(I could be wrong) and therefore the incentive to move
away from the dollar is more urgent

but - thats not what the market is saying ....

regards,
John