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317 comments on DrumBeat: September 18, 2006

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fireangel on September 18, 2006 - 10:54pm Permalink | Subthread | Parent | Comments top
Net foreign purhcases has fallen in the past only to rebound strongly. I am a dollar bear but believe me these asian central banks dont learn easily. They love this currency.
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tate423 on September 19, 2006 - 9:38am Permalink | Subthread | Parent | Comments top
Hows this point though?  If the Fed meets and decides this week to lower rates like some are calling for, it's a strong signal that they see bad times ahead.  If they hold rates, they are hoping it doesn affect Net Foreign Purchases, but if they were to raise rates, they can continue selling debt, but the housing sector tanks harder.  We're screwed either way, but it's fun to watch what they value but deflation is their enemy numero uno, so I would think they will print money at some point.
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fireangel on September 19, 2006 - 10:45am Permalink | Subthread | Parent | Comments top
I agree. But dont count the foreigners out yet.Nobody seems to want a strong currency yet. I think that will change when oil starts zooming but for now everybody loves  the greenback.
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Samsara on September 19, 2006 - 3:52pm Permalink | Subthread | Parent | Comments top
If they lower rates the dollar will free fall.

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317 comments on DrumBeat: September 18, 2006

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