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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (851)	9/4/2007 12:10:35 PM
From: Real Man	Read Replies (2) \| Respond to of 71441

I hear the foreign CBs sold their USD holdings all August. That's unprecedented so far, and probably explains why the Fed is reluctant to use the printing press. I wonder what's bidding the dollar up, besides the 80 level being strong technical support. All the cut talk is not dollar friendly, and neither is the credit market crisis (foreigners are NOT buying packaged Wall Street securities anymore). All this stuff about USD debt being repaid is BS. It's not USD debt, it's Yen debt that needs to be repaid, by US, and that is not dollar friendly either.