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

To: Wyätt Gwyön who wrote (16575)	1/23/2009 10:00:31 AM
From: gregor_us	3 Recommendations Read Replies (1) \| Respond to of 71454

Cheers. Some day I'll write as well as Grant on these topics. Until then I will cede him top spot. UK long-dated Gilts got hammered over the past week, as did the perpetual war bond. See FT's daily .pdf here: markets.ft.com You can see how this is operating. First all the safety capital around the world fled into all sovereign debt. Then when EM started caving in, the capital fled to senior sovereign debt. But the UK hammered that thesis this week. Now global capital is hiding in the final hidey-hole: USD and US sovereign debt. This is just the penultimate stop before the final destination: collapse of US Treasuries, and the flight to Gold and Silver. Best,G