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

To: mishedlo who wrote (100872)	8/15/2009 5:52:31 PM
From: Amark$p	1 Recommendation Respond to of 116555

So your position is that such a 1:10 Dollar devaluation coupled with a New US$ would have no impact whatsoever, in the short term or in the long term, on financial markets. RE: Message 25866031 This appears to be your point since even "discussing the idea makes as much sense as debating the flat earth theory or teaching creationism in science class". Either that (i.e. no impact whatsoever), or you think the odds of such a 1:10 devaluation is less than 1%. My position is a 1:10 (or even a 1:2) devaluation would have an impact on the financial markets, at least in the short term. My position is the odds of a 1:2 devaluation is greater than 20%, a tactic that the US Govt/Fed may try within the next 5 years (the Fed has made enough other stupid policy decisions over the past 20 years, so adding this one to the list would not be a surprise). Please advise why my thought process is inaccurate. Thanks.