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Were oil to go back well over $100/bl., were China to retaliate for newly imposed import restrictions on their goods by dumping US$ reserves and were the Fed to persist in an externally directed QE strategy things might get out of hand. I don't think it is wise to totally discount such a possibility, especially if you want to guard against it.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere." (But it helps!)
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 14th, 2010 at 11:55:54 AM EST
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