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  • Dollar Strength: An Illusion [View article]
    Author,

    One of the posters on Shedlock's site seems to think that the fed and treasury have a circular scheme that can sanitize printing and long bond rates for years. Lots of money creation schemes seem to be circular in nature these days. Any additional thoughts you might have on the long end of Treasuries would be greatly appreciated.


    digiweb,

    IMO the dollar rally is a classic early indicator of a coming deep downturn / panic. So many of us know about the USD's underlying horrid fundamentals. Right now, everyone else's fiat sucks even worse than ours. In a crisis, everyone runs home to momma, and right now that is the USD / Treasuries that are "guaranteed by the full faith and credit of the biggest army on the planet". I agree with the author that the dollar is being very aggressively destroyed by the Fed. In the meantime, everyone wants to get dollars to pay off dollar-denominated debt, and to hold dollars as a safe haven. Time will tell just how safe it turns out to be.
    Oct 27 08:35 am |Rating: 0 0
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