Somehow Hawk I don’t think its that simple. A flight from the dollar means a flight from the, “customer of last resort.” Until I see China our financier of last resort really change its behaviour I don’t see the dollar tanking in a sudden fell swoop. That is not to say I don’t see it getting weaker.
Its begun, but slowly. As a corollary to whats coming (inflation), what interest rate would each of you require to buy 10 year treasury bonds (5%, 7%, 12%)? When our creditors stop lending cheap the US govt isn’t going to all of a sudden stop borrowing.
