2008-09-07 — seekingalpha.com
Only US Treasury bonds are keeping pace with the dollar, achieving a gain of their own – and therefore pushing bond yields lower – as the almighty dollar destroys all other comers.
That only confirms our suspicion here at BullionVault that the new "Super Dollar" lacks a certain something. Namely, it lacks strong interest rates.
Good weekend reading, regarding the miracle "dollar rally".
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Comments:
Anthony M. Freed at 07:24 2008-09-08 said:
Fannie and Freddie bailout will take care of that "rising dollar" problem. They will be running the printing presses overtime at the Treasury trying to catch up to our debt, but they never will. We Americans create not only new debt at levels unmatched by any people in history, we also lead the world in inventing new ways to go deeper into debt. The brains behind that one are far superior to those dopes trying to figure out how to get us all out of debt. And all our kids. And all their kids. Etc... For perpetuity? This is a really sad day, and will be a big blop on the graph of the demise of the Greatest Nation that ever graced the plantet. Sad, sad. Permalinkadd a comment | go to forum thread
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