Wednesday, June 27, 2007

"Foundation Problems" :-)

Found this at the excellent Blog New York City Housing Bubble - 'The BIG Picture'

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posted by jmf at 3:23 AM

4 Comments:

Blogger Edgar, AKA Mort said...

From The Telegraph.co.uk:

"The dollar clearly remains vulnerable to a sudden loss of private sector confidence," it said.

Gee BIS, tell us something we don't know already, sheesh!

7:52 PM  
Blogger jmf said...

Hello,

I think the greenback lost confidence among the private sector long ago.

But as long the foreign central banks are buying.....

11:32 PM  
Blogger jmf said...

Here some nice charts from Brad Setser

http://www.rgemonitor.com/blog/setser/194812/

1:41 AM  
Blogger Edgar, AKA Mort said...

FCBs are buying, yeah, at the expense of their own currency / people. There is a worldwide conspiracy to prop up the US dollar and the US consumer at the expense of everyone except the uber-wealthy.

8:02 AM  

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