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

To: John Vosilla who wrote (4752)	3/9/2008 3:03:31 PM
From: Real Man	Read Replies (2) \| Respond to of 71407

All opinions are welcome here, except for spam and personal attacks -g- Mish, however, has been wrong on a few things for some time, and he is defending his opinion quite vigorously. His point is not hard to get: debt collapse = decrease of money supply = deflation. It seems the reality of global economy is more complicated than that. I read his blogs, of course. However, it is hard to agree that debt collapse will necessarily cause dollar appreciation, especially with high degree of borrowing from foreigners. It is also not easy for me to eat T-bond rally, since the US government is in debt up to its ears. The debt crisis will just spread to US government paper, like everything else. It's not immune from the slump. That's my personal opinion only -g-