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

To: Killswitch who wrote (11008)	9/11/2008 2:58:19 PM
From: TH	1 Recommendation Read Replies (2) \| Respond to of 71484

Killswitch, Agree. It will be interesting to see which of the following happens first. 1. The Fed/Treasury panics and does something overt to stimulate a falling market. A rate cut would fit that bill. And now that the Fed can ignore inflation, they might actually try it. Trouble is, cheaper money won't make banks actually lend. 2. A bailout or structured sale (like Bear) of another <essential> bank. One so big that a blow-up would deliver a crushing blow to all those counterparty to their stuff. 3. A dollar seller abroad who thinks the dollar ticked the top and wants to unload first. I think there is considerable potential for this to happen. Lots of dollars out there, regardless of the bs we hear daily about the need for dollars to settle and all those foreign funds just dying to invest in the States. But you are correct, in that a cut may the next thing to happen. If the dollar does not tank on a cut, which is a strong reversal in implied direction from all the Fed bullshit jawboning this summer, then we can be sure that there is already a Bretton Woods 3 and we just have not been told about it. GT TH