Extreme rising wedge ...
Quote from Lawrence Chan:
The problem is,
to pop USD, you need to buy USD and park those money in some vehicle like .... oh no ... US Bonds and stocks.
=)
Quote from Anna K.:
buying US bonds may be not such a bad idea given we are entering deflationary environment and if you expect some USD appreciation, no?
Quote from Lawrence Chan:
Unless they run a printing press as fast and as hard as the US, they do not have enough money to pop USD.
The only ones with such reserves are China and Japan ... and they are not buying any more USD based paper.
Structural change in progress - may we live in interesting times =)
