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The Rally Is at a Crossroads [View article]
On Mar 21 08:17 AM Truefire wrote:
> The Fed's actions (in my humble, uninformed view) of monetizing debt
> was to complete the boxing in of the Chinese. China has been on a
> worldwide asset buying binge trading off their Treasury holdings
> for assets at the top of this dollar rally.
>
> The Fed just diluted their buying power by causing a dollar selloff.
>
>
> So the Chinese buying has been stunted, for now.