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The "lurking danger" to which I alluded is largely that of the Fed going overboard with QE directed overseas. I can see that such a development could lead to a revulsion for the US$ by other countries, but I doubt that it would. But sometimes plans go astray.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 14th, 2010 at 11:50:55 AM EST
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