Dollar Devaluation

Wouldn't it be nice if our good friends in Washington could appreciate the ridiculousness of their actions and make a change? But alas, like Pavlov's dogs, they have been conditioned to this absurd behavior by success at the ballot box.
 
Quote from Avid_Consumer:

So... the DXY is now 1-2 days distance from all time lows. We took out the 04 low in July. Next is the 1992 all-time low at 78.33, just over a point below its current level

What's the plan to avoid a monetary collapse? Bernanke doesn't comment on it. Paulson has always held that a strong dollar is in our interests. All I see is an accelerating weakness... especially if they're cutting rates next week

At the very least stop jawboning a healthy economy when the bubblegum holding it steady for the last several years has been mostly monetary weakness. Who are they kidding?

Are we trying to stall the neocon heartland revolts until a democrat is in office or.... we're gonna give alaska to canada in exchange for a monetary merger? Bleed it so slow nobody notices? Plutocracy? Barter?
More...



CHEAP DOLLAR IS GOOD

all that needs to be said

there will be NO monetary collapse

all is good

not a big deal
 
paulson was never in a favor of a strong dollar. his pals at goldman where he came from etc. are massively short the dollar.
the etc. likely includes former secretary of the treasury rubin who may not be at goldman any longer.
 
You must log in or register to reply here.
Back
Top