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Registered
Join Date: May 2001
Location: Peoples Republic of Long Beach, NY
Posts: 21,140
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a combination of many factors
including the imperfections of the futures market.
including oil being used instead of gold as inflation protection by enough people to affect the curve.
a hard core monetarist would comment that the Fed R corrupted our dollar value in lew of addressing short term economic growth. The Dem's turned the Fed into a short term economic growth responsibility by way of law in 1982... ie: a strong dollar would reintroduce confidence US world power. Oil $ would fall. Worldwide investor $ would increase in the US.. etc
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