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


To: Real Man who wrote (4754)3/9/2008 6:56:11 PM
From: Giordano Bruno  Read Replies (2) | Respond to of 71406
 
uk.youtube.com



To: Real Man who wrote (4754)3/10/2008 10:17:26 AM
From: John Vosilla  Respond to of 71406
 
'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'

Yeah I had to go back and reread Ravi Batra many times the past few years to make sure there was nothing I missed.. You summed it up well.. The story going forward might be how our main trading partners react, how their economies and housing bubbles hold up to the weakening clownbuck and the misallocation of capital by our government.. Everyone in a suit on the boob tube says 70's stagflation can't return but these are the same folks who said don't worry supbrime is contained 18 months ago..