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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (3189)8/1/2008 10:09:07 AM
From: Real Man  Read Replies (2) | Respond to of 26251
 
No way. This is very desperate official intervention before a
currency run, it never works (for long), because the currency
markets are much larger than (any) central banks. The credit
crisis has spread to systemic
core - agency debt and US sovereign debt, both are widely
held by foreigners. This is extremely bearish for the
dollar and bullish for gold. You will see stock market
dump, RE dump, bond market dump, dollar dump - the whole
bearish fun enchilada.

Message 24809428