Zeev's Turnips Patch-No Politics (ZEEV)

[ItsAllCyclical]

I read the board since there are some good observations from time to time, but I'm certainly not trying to convince any of the day-trading longs. What intervention? China has a peg, Japan an artificial one and it wouldn't surprise me to find out the EU has been interventing over the past year. Plenty of articles from numerous sources detailing the extent of it all. Just because the Dollar has fallen doesn't mean there has been no intervention. Do you think Greenspan freely let the Naz fall from 5000? They controlled the rate of decent as best they could. Same thing with the Dollar. Despite the last two years of devaluation the trade balance is actually worse. Most are complete oblivious to this huge threat to the markets and our economy. A little fall is fine, but what is required to bring the trade balance back into alignment is beyond most people's comprehension.