Friedman 12/05: "The dollar is fundamentally a strong currency"

Quote from Daal:

He says that the the debt hold by foreigners and the concern they will unload it its a bunch of nonsense and that people only tell one side of the story when they talk about the deficit(they don't mention the assets the US hold abroad and their income)
http://video.google.com/videoplay?docid=-2963837673813979186&q=friedman+rose
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He is 100% correct in regards to the EU. In fact, by my estimates, he may be off a little bit and the spread is even closer than he thinks.

The one thing that is worrying is the amount of bonds the Asians hold. That is massively lopsided...

nitro
 
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