But if there's one thing in this that hasn't been obvious to me, it's what will happen to USD. Nil aon leigheas ar an ngra ach posadh
Also, expect other Gulf states to follow Kuwait out of the Dollar peg soon.
Which won't help the dollar any.
The USD has a lot further to go, and will undoubtedly be oversold in the process, to be dragged back if and when the US can correct the trade balance..... "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
What you say is of course true, and it will fall. It's just a matter of when, and timing a fall is hard to do, and potentially more expensive than I can afford... Nil aon leigheas ar an ngra ach posadh
Currencies backed by oil are not a bad option to have a deposit in: Norway and the Gulf States come to mind - even (whisper it not) the Rouble. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
