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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (28825)	1/30/2008 11:53:44 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 219940

ElM, decades ago there were great worries about "recycling petrodollars". I thought at the time it was an absurd worry because I learned long ago that people can spend all the money in the world in quite short times. Sure enough, the petrodollars did recycle and the "problem" went away. Now, there are lots of petrodollars and lots of Made in China, Produced in Japan, Developed in India, Exported from Russia dollars which are wanting to find somewhere to live. They are burning a hole in the pockets of their holders and they want to get rid of them in exchange for something more robust. There is a fire sale of assets underway. I guarantee every dollar can be recycled. The funds are not "kind to the USA", they are competing against each other for bargains and can't decide the bottom themselves or they will miss out. They can hold worth less US$ earning less interest, less than Happy Meal levels, or they can bid for assets which will earn them better than 1% on their money [with luck]. Mqurice