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To: a.handbag. who wrote (120833)	5/18/2009 12:29:07 PM
From: Sweet Ol	Respond to of 206196

The only thing the US$ has going for it is that most of the rest of the world's currencies are in worse shape. It is all relative! Best to all, JRH

To: a.handbag. who wrote (120833)	5/18/2009 12:50:57 PM
From: energyplay	Respond to of 206196

Re: US Dollar three points - > Foreign intervention. Japan Ministry of Finance said it is watching the Yen valuation. This is usually a prelude to Japan buying dollars and sellng yen to push the yen down and the US Dollar up. > Delay of effects. Usually when there has been massive printing of US Dollars, monetary expansion (the actual inflation) occurs and price movements in most commodities happen many months of even years later. So it is easy to be "early" for infalton drive price moves. > How much NET money expansion ? There has been massive money destruction from the housing market and massive money creation (printing) from the FED. It is not clear that the printing has overcome the destrucition from defaults and loan repayments. As many more people and businesses are inclined to pay down debt, the money supply shrinks. As one example, credit card balances are shrinking. It may be too early to tell if the money supply has expanded or contrated since 2008. Even though I think the printing presses will win, the new tendency of people to pay off debt may moderate the expansion of the money supply.