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


To: mishedlo who wrote (71720)10/12/2006 6:55:43 AM
From: 8bits  Respond to of 110194
 
"Did not prices rise hugely in other places?
For example what does it cost in pounds to buy a house in london or in Euros to buy a house in Germany?

This is not by any means a US dollar by itself problem

Mish"

The article below asserts that the money supply of non-reserve countries was actually increasing at a greater rate than the US but since these countries were coming out of a period of reconstruction post WWII that the resultant expansion could be more easily absorbed. Basically it's not just the dollar, it's all fiat currencies have the problem.

internationalecon.com



To: mishedlo who wrote (71720)10/12/2006 9:50:54 AM
From: Tommaso  Respond to of 110194
 
>>>This is not by any means a US dollar by itself problem<<<

Mish, Mr. Quinnelly knows that.



To: mishedlo who wrote (71720)10/12/2006 10:47:52 PM
From: JF Quinnelly  Respond to of 110194
 
Some of that inflation could be due to the dollar's role as reserve currency. I expect we export a portion of our inflationary policy to other currencies, despite floating exchange rates.