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

To: LTK007 who wrote (11614)	9/23/2008 7:29:59 AM
From: Real Man	Respond to of 71409

Well, Max, POG is above 890 (so far), so... we just might get some flatness. The key to success of Hank's COMI scheme of dezombifying the banks and reliquifying the credit market are the foreigners, or foreign CBs NOT walking, or, worse yet, NOT running... However, derivatives might only pile up even more if these attempts are successful. I will be the first to admit that if they don't run from the dollar, the attempt will likely be a success, at least short to intermediate term.

To: LTK007 who wrote (11614)	9/23/2008 7:47:10 AM
From: Real Man	Read Replies (2) \| Respond to of 71409

How do I play this? I'm long POG and careful on the short side (out of shorts), as hyperinflationary nightmare is definitely part of the spectrum of possibilities. Fundamentally, even if CBs cooperate (and they were cooperating last week), the action of the Fed is very inflationary. I always thought Weimar is how this ends, due to the government management of the markets, and the fact that they were not scared of extremely large scale monetization proved it. Bush's policies since the dot-com bubble collapse hint in that direction as well. Everything is better than the currency in hyperinflation (xept bonds, of course), so stocks soar.