wonderful wednesday?, page-5

pjsimon, nice work. Here's a couple of others you might like to balance the views with -

Does Dubai Matter? Ask Ireland

Who’s Afraid of a Falling Dollar?
Those who benefit from a falling USD are those currencies pegged to it (like China and Asia).

Market Wrap Week Ending in 11/27/2009

Dollar Set To Surprise

Getting Credit Flowing: A Non-Monetarist Approach to Quantitative Easing


FWIW -
In ordinary times of balanced markets, you would not reasonably expect a high correlation of markets in such a manor as we see today.

The reasons for this are simple enough, and it's like almost everyone standing on one side of a ship. Only the USD dollar stands on the other side. As for precious metals, the debt crisis is an ugly pimple that can only fester if it's not contained.

The situation in the US is in the thin edge of a wedge. With everything being thrown at stimulating growth, except for getting people employed. Kind of watching a sick movie when you know how it could end. If inflation bites hard, interest rates will have to go up. It's all to do with real US inflation, real interest rates, unemployment and the deficit.

rgds,
pw