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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (98220)	10/2/2008 6:09:02 PM
From: zamboz	1 Recommendation Respond to of 110194

Here's one take. jessescrossroadscafe.blogspot.com Mish has another take. globaleconomicanalysis.blogspot.com

To: KyrosL who wrote (98220)	10/2/2008 6:11:20 PM
From: GST	5 Recommendations Read Replies (2) \| Respond to of 110194

The dollar and gold are panic buttons -- the greatest fear in Washington is not a stock market crash -- it is a dollar crash. Washington is showing its fear of economic slowdown, stock market meltdown and the economic dislocation of a nasty recession. All of these things combined pale in comparison to the implications of a dollar meltdown. The Fed has friends around the world - other feds -- and they fear a dollar meltdown almost as much as we do. There will be and I believe has been a concerted effort to avert a dollar meltdown. As time goes by the dollar is going down -- that cannot be stopped. But a meltdown on any given day can be fought and will be fought by central banks around the world. Gold is a strange market -- and again look at the role of central banks and their selling -- not to mention the complete disconnect between real gold and the price posted on fake gold. Bottom line -- the dollar is in a multi-decade decline that will not change unless the fundamentals change - and if anything the fundamentals are getting much, much worse by the day.