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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: sea_biscuit who wrote (67824)8/20/2007 2:18:54 PM
From: polarisnh  Respond to of 116555
 
If Copter Ben cuts rates by 200bp I might be tempted to take out a decent sized fixed rate loan and buy gold because the dollar will get destroyed as the foreigners dump it and gold will be at $1650.00 an ounce before you can spell I-N-F-L-A-T-I-O-N.



To: sea_biscuit who wrote (67824)8/20/2007 2:30:01 PM
From: Broken_Clock  Respond to of 116555
 
Then he must believe China, japan, Euro will follow suit...in which case Dine's competing currency devaluation takes over. That would be the only way the dollar wouldn't tank taking interest rates higher despite what the Fed does.