[quote=flu][quote=Arraya][quote=CA renter]I Everyone is short the dollar by going into other currencies, commodities, stocks, real estate, etc. They are expecting someone else to pay them more, in dollars, than they paid for these things, IMHO. If everyone who is convinced that the dollar is toast is already in on the trade, who is left to buy things at a higher price? The unemployed/underemployed workers? The poor from the developing nations, whose jobs depend on those (underemployed and unemployed) people in developed nations buying more junk?
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You just described a classic speculative bubble which is grounded in ponzi-dynamics. The bubble burst when it ran out of new entrants.[/quote]
Except there’s one big problem…. Precious metals and commodities got slaughtered today (and this week frankly)…..Silver kicked the bucket with more than 20% fall in just a few days… Ouch![/quote]
That’s the bubble bursting. It could be done, or it could be the beginning of something much bigger.
