Yea poor little thang ... wasn't pretty, wasn't useful per se, didn't help much of anything, and didn't even drop on its knees to you'know ... but it did live 20 years ... give or take ... and now its dead ... it almost died in 05 and 06 for sure ... but now it really may be ...
What next ... dollar carry trade ??? euro carry trade ??? nothing sounds as good as a little yen on the side ...
Cool.
Buddha.
Whatever you are smokin, pass it around :icon_twisted:
I am doing housingpanic.com ... the best drug there is ... plus a little sacramentolanding.com on the side.
I think this means ... printing presses baby ... crank em up bernanke, the euro is in free fall, you are free to print tons of $$ and not even worry about causing inflation really ... china is pegged to $, so is the saudi rial, and collapse of the euro means they are latching on tighter and staying on longer ... so Hank, Ben, buddy boys print up the Billion $ bill you been wanting with W's face on it ... cos there aint no down side ... except the retirees and the savers who get killed ... but other than that ...
Print $, bump up inflation to ~15%, europe is running at 18-20% and china and india and saudi's will stay latched to the US, and we come out of it smelling like a rose, new world order, with us at the top, just like its always been ... thanks europe and russia, would not have been possible without you ...
Just screw the bailout, screw raising taxes, screw it all, inflation is your best friend, and the printing press is the quickest way to get there ... the other option is deflation and we have see how devastating that can be. House prices drop and everyone stops paying on their mortgage ... bad idea ... unless we had debtors prison and public floggings ... bad bad idea. Little deflation, and you lose a lot ... big ...
Cool.
Buddha.