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To: Zincman who wrote (131638)9/24/2008 9:27:11 PM
From: riversides  Read Replies (3) | Respond to of 312302
 
I do not share the widespread view that the dollar will collapse. This has prompted a volley of hostile comment, as if I was somehow turning traitor to the cause of bears, or had become an optimist overnight.

The reason why it will not collapse - at least for now - is that the euro is facing an even deeper and more intractable crisis, Britain is mangled, Sweden frozen, most of Eastern Europe is facing a swing from property boom to bust, Brazil is about to slow dramatically, Japan is in full-recession, and China's banking systems is buckling, as Fitch warned today.

blogs.telegraph.co.uk



To: Zincman who wrote (131638)9/24/2008 11:49:40 PM
From: Eva  Read Replies (1) | Respond to of 312302
 
Of course the Dollar can't fail, there is too much around and every country heavy on dollar surplus is going to help it to hold up.
Gold on the other hand will eventually profit from it too, cause there is enough other countries who are not swamped with US$, and those ones will choose Gold.


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