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

To: Real Man who wrote (870)	9/6/2007 11:30:23 AM
From: stan_hughes	Read Replies (1) \| Respond to of 71423

I'm reading here and there of theories that the non-disclosed outcome of Jackson Hole consists of a global agreement to float everybody's rates down together so as to try to not have the USD tank against anybody else's currency in particular -- that should be quite the high wire act, and without a net. A related theory is that China doesn't care for this idea, but is instead going to use this manufactured temporary illusion of currency stability (at least in terms of DXY=80) as cover for getting as much as they can out of the US and into gold, and possibly oil too judging by the price action. I suspect most pundits are thinking that it's the usual leverage crowd who just want to keep their game going and their pleas for rate cuts who are holding all these stock market and commodity balls in the air here, but if instead it's groups of nation states starting to play out an econwar in earnest, then things may be more much volatile for us all in the long run. I've got things to attend to for the next few hours -- I can hardly wait to see what's happened by the time I get back