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

To: Claude Cormier who wrote (69877)10/3/2007 12:47:25 AM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
There are all sorts or reasons why Germany, Japan, China, Brazil, or Kuwait might not want to hold dollars vs yen vs euros vs pounds.

I am not attempting to refute or support those reasons. Some of the "reasons" may even be convoluted.

But logically pricing unit is not a valid reason. But notice I said "logically". If people on this board are having such a difficult time with this simple construct, perhaps a dingbat in charge of some other country is holding dollars because of the pricing unit.

But given that Iran and even Venezuela do not hold dollars regardless of the pricing unit, I would suspect that other countries find no bind either (regardless of what they say for political posturing).

Mish



To: Claude Cormier who wrote (69877)10/3/2007 4:28:38 AM
From: elmatador  Read Replies (1) | Respond to of 116555
 
G-7: European urges U.S. to curb USD fall, demands US to make a greater effort to curb the dollar's strong fall - presaging tense times at the Group of 7 meeting this month in Washington.

ELMAT: Oh, that's why Mr. Sarkozy is cozying up to Bush! He even became an enemy of Iran!! They will put their trousers down for the US in the next round of sanctions aganist Iran to be voted in November!

Message 23934104


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