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

To: SG who wrote (3697)	1/29/2008 10:14:39 AM
From: 10K a day	Read Replies (1) \| Respond to of 71475

Maybe all the okies that moved to California in the 30's will move back.

To: SG who wrote (3697)	1/29/2008 10:26:37 AM
From: Real Man	Read Replies (2) \| Respond to of 71475

That's what many are saying, and I personally neither understand the arguments nor agree with them. Unlike 1929 or Japan in 1989, US has been running a record current account deficit for a number of years and killing its manufacturing capacity in favor of Ponzi economy, which clearly is not sustainable. Quite often a banking and economic crisis results in a currency crisis under these circumstances. The real threat could be hyperinflation, since all that debt is denominated in foreign currencies. While the dollar did bouce a bit , I would not say that it is really rising. The longer term chart is not bullish. In fact, I would argue another shoe is about to drop.