Yankee Running Dog

Brown Brothers Harriman: Buy the Dollar, Sell Commodities

On Jun 02 08:13 PM LordDarley wrote:

> <<What I'd really like is for someone to lay out the long term bullish
> fundamentals for USD. I don't know of any.>>
>
> It's an easy case. Less than 400 million people have rights to a
> huge and civilized landmass where the legal system protects private
> property rights. The same continent could accomodate 1.2 billion
> people without a hard breath.
>
> Growth comes from population increase. It's as inevitable as the
> tides. The only restriction at present is that existing citizens
> are fighting a rear guard action to pull up the drawbridge. That
> Mugwump tactic never succeeds for long.
>
> Look for huge US growth in the next 20 years, fueled by people with
> names which are hard to spell.
>
> LordDarley
>
> Come on , they all cannot work at Wal Mart. I really dont see huge growth, more like a long decay of the US Empire as it bankrupts itself and all the bubbles pop. Kind of like deflating the air mattras.

Brown Brothers Harriman: Buy the Dollar, Sell Commodities

On what fundamentals will the dollar get strong? Somehow I do not see a Paul Volker around these days at the Fed. The Fed has abandoned its Mission Statement of support of the national currency and instead is bailing out Wall Street. Sometime, it will have to turn around and support the dollar, but with credit crisis in the fourth inning, I don't think it will be soon