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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: blitzfund who wrote (79203)	1/27/2008 11:35:04 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

We are not Japan, Blitz - not even close. BIS discussed "risks of sharp adjustment of exchange rates due to trade imbalances", meaning the dollar crash. Bonds just don't go up under the circumstances. So far all other risks they discussed materialized. FWIW, Japan always ran large current account surpluses, and remains the World's largest creditor. We are by far the World's largest debtor, with our loans denominated in Yen. No, this is not 1929, it has all the markings of a currency crash. FWIW, the dollar instantly crashed during the Great Depression when the government revalued it's gold convertibility, from 1 Oz = 20$ to 1 Oz = 32$.