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

To: RockyBalboa who wrote (4828)	3/10/2008 6:33:31 PM
From: Real Man	Read Replies (1) \| Respond to of 71408

Here is another one bloomberg.com and a summary, from Jesse jessescrossroadscafe.blogspot.com Paul Chertkow, Global Head Foreign Exchange Strategy for the Bank of Tokyo Mitsubishi made these points in an interview on Bloomberg Television. 1. US is in a recession. A real risk of a protracted downturn because not usual business slowdown. 2. Interest rates will be cut by more than expected possibly to 1% by end of June. 3. Real risk if Mideast banks break the dollar peg will trigger crisis. 4. Larry Sommers says 'current crisis worst since WWII' and Chertkow agrees. 5. Foreign companies content to see stronger currencies to relieve high imported commodity prices. 6. Yen down to 90 is realistic with next stop to 80, and 160 Euro. 7. Risk is that dollar will fall "well beyond expectations" for most currencies but especially the asian currencies. 8. US "strong dollar policy" is nonsense 9. US life insurance companies and pension funds have 'a lot of disclosure left.' 10. Dollar crisis is 'not inevitable' but cannot see anything to stop it and does not see official intervention as a real possibility at these levels. Thinks the crisis will end if the US Government comes in and underpins the mortgage market directly. Paul Chertkow - Bank of Tokyo-Mitsubishi on Bloomberg Television