Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tommaso who wrote (69901)	10/3/2007 3:52:49 PM
From: mishedlo	Respond to of 116555

yes. How does it matter? If the dollar drop 1% a day it would be nearly worthless in short order. Such a move would affect where people hold dollars. The pricing unit itself is meaningless. BTW you can get a price in Yen or pounds right now, just as you can get a price of gold in yen or pounds or euros now. With the dollar dropping they obviously would have been better off not holding dollars. No one has to hold dollars to get a price of oil in any currency they want. Just as no one has to hold dollars to get a price of gold or even buy gold. Mish