Next Shock: Currency Crisis?

[Green_Bear]

The sustainability of the dollar pegs hinges on the U.S. interest rate outlook. If the Fed refrains from raising rates because of economic weakness, despite the rise in inflation, pegs will come under significant further pressure. This is a pressure cooker running over the boiling point.
The Bottom Line: The world may realize that it is no longer reasonable for the dollar to be the anchor currency. If several dollar-pegged currencies were revalued, we could expect to see some panic selling in the U.S. dollar, further destabilizing the global economy.

Next Shock: Currency Crisis?
bmonesbittburns.com/economic … omline.pdf [adobe acrobat required]

[superpiper]

Nope.

Energy is the next big shock, its already in motion and has more teeth and angles than jaws.

Lets, see,

Oil up 700% in 6 years from $20 in 2002 to $145ish today
Gas up 300% this year from 2007 ($5per unit to $14.5 today)
Electricity up 30 % this year (ireland)

[sidneycooper]

George Lee’s ‘End of the oil age’ is well worth a look. When this was shown first in June 07, oil was at $60.

rte.ie/tv/futureshock/av_20070618.html

[2Pack]

at $140 a lot of margianl deposits will come on stream , and then !!!