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

To: bart13 who wrote (81413)	5/3/2007 12:42:43 PM
From: Perspective	Read Replies (1) \| Respond to of 110194

China: this is just amazing now: finance.yahoo.com A quadrupling in less than two years, most of it in 18 months. That's gotta be some kind of record. BC

To: bart13 who wrote (81413)	5/4/2007 12:01:31 PM
From: Real Man	Read Replies (1) \| Respond to of 110194

I think I disagree on that one - USD moves sharply lower as soon as coupon passes start, while stocks (and especially gold) move higher. The reverse is true once the Fed stops the series of coupon passes. See Oct. - Dec. 2006, for example - a series of coupon passes, and the dollar dropped from 87 to 82.5. No coupon passes - a rally from 82.5 to 85 mid-Feb. The coupon passes restarted on Feb.,26, and then much, much more from early April. The latest passes caused the dollar drop through LT support at 83, now threatening the last line of defense at 80-81. This is support level, were it not for all the printing, the dollar should have bounced. Overall, I think the dollar is extremely weak, given that 80-81 is a very strong support level.