PLANET OF THE CHIMPS #2

Sunday, May 10, 2009

Imminent Global Stock Market Crash to Support U.S. Dollar

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On Friday the dollar completely broke down, with the USDX collapsing to about 82.5, as monetizations by the Fed became a stark reality.

A world stock market collapse could be imminent as a source of dollar support.

We wonder how low they will let the dollar go before they collapse the stock markets to chase people back into US treasuries, which have also broken down, with treasury interest rates on the rise despite various Fed purchases of treasuries in the hundreds of billions.




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Chimp at 11:35 AM
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