my bet on us int rates -

I reckon the Fed will hold rates, at the very least. It may even cut them quite soon.

I think the fall of the US$ will be seen by them as the lesser of 2 evils - the collapss of the housing/mortgage/derivative markets being something to be avoided at all costs.

But a slump of the US$ may not be welcomed by those major countries holding large reserves of the 'reserve currency' - obviously it would slash the value of each countries reserves.

But, then again, perhaps those other countries will agree that it's the lesser evil - and strive to maintain the status quo at least for the tenure of their good selves. (And it is to me a rare politican who looks farther than his own span - the outstanding exception being Ron Paul).

But I'm befuddled in my thinking on all of this, so the views of others would be appreciated.

dub.

ps. by the way, here's another who's befuddled ....






even



-(:-D)