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  • The Great Dollar Pump of 2008: A Doomed Central Bank Intervention [View article]
    More than likely an accurate assessment. However, I believe this charade will continue as long as:
    1. The U.S. government appears to support all government and quasi-government institutions...FDIC etc. (Pledged by the Full Faith of the U.S. Govt.)

    2. Foreign Bond holders are happy receiving returns that for all intensive purposes are worth less the money invested.

    3. G8 continues to pump the dollar...

    But I would tend to agree with your long-term assessment
    Sep 07 15:45 pm |Rating: 0 0 |Link to Comment
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