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To: Jurgis Bekepuris who wrote (58166)1/23/2008 10:15:33 AM
From: SoberRead Replies (1) | Respond to of 118717
 
I will try to attend to the market on a daily basis, and I know you have heard that things are "different this time" many times before.

But I have serious doubts about the dollar that I have never had before. In the past, we had enough of a manufacturing base that we could expect it to eventually create wealth.

Now it seems wealth is being created by bookkeeping tricks, and those days may have just ended.

We can not restore faith in the dollar by raising interest rates like we did in the past. Our economy is not strong enough to sustain interest rate hikes.

So what is going to save the dollar? Maybe you can tell me.

Sober