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Old 08-12-2007, 05:34 PM
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Re: Central Banks Interference...

Yeah, I think in times of excesses and greed, there will be times of exposure of abuse of power, money, etc. that will whip the average investor into panic and distrust, one time or another.

I think Bernanke will stand by the same stance as Greenspan made, not to intervene or interfere with the dollar (I think he made this point early in his new job as chairman) so not sure if he's concerned about the dollar falling, his job was to curb inflation and not get into a deep recession, a balance act between the two. The dollar would take care of itself. I could be wrong but I remember his stance as such and the price action of the EURUSD and other crosses made that clear by breaking into new record lows. It's just my perception.

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