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|Subject: Re: “The End of Dollar Hegemony”||Date: 3/1/2006 5:06 PM|
|Author: jackcrow||Number: 15615 of 35576|
Thank you for your kind and thoughtful response.
Flexible = true. $1.20 per basket, way, way offbase, historically
What number would you choose?
The USDollar rose back then because we had the highest interest rates of any G-10 country, the short-term rise and fall of the accounting fiction known as the US Budget Deficit is totally and entirely irrelevant.
During the tail end of Clinton? True of H.Bush. I'm not convinced we had the highest of the G-8/G-10. I would appreciate a pointer to that data. My short at sweet google didn't cough up anything particularly useful.
No, the FX market does about $2trillion a day in trades, dwarfing the UST market. Very few people buy UST bo