hey, guys, let’s continue this over here. Let us see if you can stay on this topic this time - the role of the federal reserve in undermining the US$ through its excessive expansion of the credit bubble encouraged by pumping funds into the economy through those “evil” primary dealers.
What, on a doom and gloom thread? There's enough despair on this one to create the greatest bull market of all time.
The dollar is so oversold it can only look up. Of course Goldman Sachs said the same thing about a month ago. BUT the currency markets are the best trending markets in the world. It could go lower. But it's not the end of the world.
Has anyone noticed what is rising in price during all of this? No? Good old American debt. Treasury bills, notes and bonds denominated in, yes that's right, greenbacks.
What we really need to watch out for is deflation in 2008.