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

To: RockyBalboa who wrote (20673)	6/4/2009 11:23:31 AM
From: Real Man	Respond to of 71456

Not trading it, but if this channel breaks, then ... -g-

To: RockyBalboa who wrote (20673)	6/5/2009 2:20:34 AM
From: maceng2	Read Replies (2) \| Respond to of 71456

The political situation in the UK certainly has effected the UK pound. At one point yesterday it was tanking like a stone dropped in vacuo (along with the Euro) until a press statement from the PM's office restated he wasn't thinking of calling a general election just now. It reversed at that point, but deteriorated further since. One wonders what is really going on. :-)

To: RockyBalboa who wrote (20673)	6/5/2009 3:21:58 AM
From: Real Man	5 Recommendations Read Replies (1) \| Respond to of 71456

We'll see. Quantitative easing is backfiring. The Fed policy of driving mortgage rates to 4% by Summer is failing, and the government's borrowing costs are soaring. This can't be good. Rates hit the 400 Trillion market of fixed/floating swaps? Gonna be fun. The clownbuck might just keep crashing and taking everything down for the ride, the original Argentina scenario that was temporarily postponed. 12% of prime mortgages are in default of foreclosure, and if rates get higher, so will this number. Stats are lagging, the housing market just went into meltdown mode thanks to the bond crash. -ng-