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


To: RJA_ who wrote (1372)10/7/2007 2:36:14 PM
From: stan_hughes  Read Replies (1) | Respond to of 71456
 
Sounds as plausible as anybody else's theories.

My 2 cents FWIW --

1. The election is still over a year away
2. I would not be crowning Hillary quite yet
3. I question why someone like Rubin would return to a political post, BWTFDIK
4. I don't grasp why people seem to believe only the Dems have fiscally competent people up their sleeve here who can save the day -- they're picking from the same talent pool
5. The Iraq War may officially end, but US involvement in the area (and the associated costs) may not end as hoped
6. A US budget improvement may not happen as you expect if e.g. the Dems decide on a massive housing bailout (i.e. of the people, not the banks)
7. In addition to #6, the Dems say they want to roll back GWB's tax cuts -- IMO the economy's reaction to that could go either way
8. Re: USD and gold, talk to me about how #5, #6 & #7 turn out first

My father used to liken playing the market to driving a car at night -- even on high beam, you can only see so far ahead. While it's fun to prognosticate with these things especially where politics is involved, in the current environment I can't even predict what should happen next week, let alone next year



To: RJA_ who wrote (1372)10/7/2007 8:35:09 PM
From: stockycd  Respond to of 71456
 
The problem will be, if a run on the dollar and much higher inflation ensues, the fix will be difficult and very painful.

I doubt very seriously a Clinton reserve chairman appointee would open the first meeting with a 300 bp rate increase.

cd