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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: roguedolphin who wrote (93924)	2/7/2009 7:10:51 PM
From: Little Joe	1 Recommendation Read Replies (1) \| Respond to of 116555

Thanks for posting. Just so clear and concise, even I could get it. lj

To: roguedolphin who wrote (93924)	2/7/2009 8:26:34 PM
From: Proud Deplorable	3 Recommendations Read Replies (1) \| Respond to of 116555

Former Bank of England official expects dollar collapse By Edmund Conway The Telegraph, London. Monday, January 5, 2009 Americans must prepare themselves for a massive collapse in the dollar as investors around the world dump their US assets, a former Bank of England policymaker has warned. The long-held assumption that US assets -- particularly government bonds -- are a safe haven will soon be overturned as investors lose their patience with the world's biggest economy, according to Willem Buiter. Professor Buiter, a former Monetary Policy Committee member who is now at the London School of Economics, said this increasing disenchantment would result in an exodus of foreign cash from the US.