Bounced back today, but it was a yo-yo ride.
Seems that every day, US debt increases to those that float us.
One billion to the Saudis and Japanese, and another to the Chinese.
Today was for bargain hunters. Good for them.
Things won't get right until the yen floats against the dollar.
A two billion a day deficit will catch up to the US sooner or later.
It's what happens when we import more than we export.
It will probably take a few years to recitfy. Devaluation of the dollar could also happen pretty soon, when the costs of the current wars are considered.
To me, I'm watching...as I don't have a clear picture, but it's getting clearer.
|