Mostly: Classical

[amarksp]

well, we agree on the big picture...

"Central Banks are not exactly choir boys either... They generally try to manipulate their currencies to create a competitive advantage. Isn't this what they are supposed to do?"

Yes, whether one calls it active management or manipulation

"As for US$ stacked up en masse in the Asian countries, when we export our jobs in Asia and fill our Wal-Marts with cheapo goods coming from Asia, we pay those guys in Dollars.
What can they do but recycle them in US treasuries?
And they a f#cked: when those treasuries will come to maturity, printing presses will run. <ggg>"

Yes.