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To: palmer
Another thing I forgot to mention is that people with foreign currencies can do this when the dollar is about to look like a "safe haven" against whatever their currency is.

So it's not just the Fed propping these up? Thanks. LOL!

292 posted on 08/12/2010 10:45:54 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Foreigners and other speculators are certainly part of the rise of treasuries. I can’t deny that “safe haven” has some meaning because it does. But what those foreign speculators know is either the dollar will shoot up causing their safe haven speculation to go up, or someone else will buy them in the knowledge that the greatest fool Fed has to ultimately buy them or face another meltdown.


302 posted on 08/12/2010 11:24:30 AM PDT by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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