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Or the exact opposite will happen because the debt issues cancel each other out, the middle east is more likely to benefit the EUR, we have commodity price inflation, this is not your grandpappy's HIA and it will mobilize dollars to flood the system. The die hard dollar lovers should just look at the dollar chart and stop trying to bottomfish.
The comment is somewhat cryptic but i assume you mean dont bottom fish because the dollar will trend lower? I am not seeing that in the same charts. Dollar futures are close to a 79 handle. There has been a lot of sound and fury over the dollar for about the last year but year over year the dollar index has just about made a round trip.
If they dont look.at a repatriation holiday outside the context of comprehensive reform then repatriation doesnt get done, unless of course minor tweaking gets labeled as comprehensive reform. I was convinced repatriation was a done deal, but now not so sure. Socialist obama never liked the idea of repatriation anyway, since he thinks the money would be unfairly distributed.
Jim Sinclair has something on his site from Shultz yesterday urging the purchase of Euros because of imminent ouster of the PIIGS and EU core re-Deutchmarking. "Hoard Euros."
I happen to agree with him, but again, why would anyone care what an analyst at a bankrupt bank has to say?
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