Once again, court jester dollar getting whacked. If the deepest market on the planet doesn't like the dollar, does that forecast anything good for the US?
This is my effort to help fit the pieces together to get a better picture of the capital markets.
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
Tuesday, September 28, 2010
King Dollar - The Emporer Has No Clothes
The dollar is “one step nearer” to a crisis and a devaluation may be inevitable, former People's Bank of China advisor Yu Yongding says. “Such a huge amount of debt is terrible. The situation will be worsening day by day. I think we are one step nearer to a U.S. dollar crisis.”
Once again, court jester dollar getting whacked. If the deepest market on the planet doesn't like the dollar, does that forecast anything good for the US?
Once again, court jester dollar getting whacked. If the deepest market on the planet doesn't like the dollar, does that forecast anything good for the US?
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