Yes there is still room to kick the can a little more (with rates at 0), But the end is the same. Also the euro strength throughout this round of greek "problems" should give you indication of the worlds desire to hold dollars. As greece burns, the euro inches up who could be holding dollars and want euros?

6/30/2011 12:06:13 PM

Ruh roh. Timmy is trying to bounce. http://www.bloomberg.com/news/2011-06-30/geithner-said-to-weigh-leaving-treasury-after-debt-ceiling-debate-resolved.html

[Edited on June 30, 2011 at 6:20 PM. Reason : ]

6/30/2011 6:19:59 PM

Would you want your name on all of the default documents, and forever noted in the history books as riding shotgun as we drove off the fucking cliff? That guy is a jerkoff, but I am kinda scared at who the powers are going to put in his place.

6/30/2011 6:27:20 PM

Quote :

"Also the euro strength throughout this round of greek "problems" should give you indication of the worlds desire to hold dollars."

The euro is the only alternative for those who were holding dollars but now want to hold something else?

6/30/2011 6:32:55 PM

The euro is the only thing suitable for the Chineese to buy as they watch themselves become the second largest treasury holder behind the Fed. They are not going to watch the fed print their bonds worthless.

6/30/2011 9:04:59 PM