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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (90095)	1/4/2008 6:28:05 PM
From: suanny	Respond to of 110194

Citi and other banks willing to pay up for access to a few bucks.Could be more and more people might find dollars useful for liquidity reasons.

To: GST who wrote (90095)	1/5/2008 12:27:47 AM
From: Chaka	Read Replies (1) \| Respond to of 110194

The dollar is rotten to the core thanks to our absurdly high current account deficit, government deficits and lack of personal savings in the US. I don't disagree with this but, in the currency world it is all relative. If dollar is rotten, which of the major currencies, yen, euro, or pound is better. I submit that each of those three are decidedly worse than the dollar. One might suggest the China/yuan or India/rupee as an alternative but those countries are called developing for a reason - significantly lower transparency is a major risk. Whatever you might say about the U.S., it is much more transparent and will respond better to the upcoming recession. Thus, I believe that the dollar index will not crater and may even rise in the next few years.