for a while?
a while could be a week in this environment. All it takes is one sovereign power dumping its dollars into the market by not renewing t-bills and taking it out in yen, or whatever.
too big to fail? my logic tells me that too big to fail only works if there is somebody bigger to pick up the pieces. for example, General Motors is too big to fail becuase the united states government is bigger and will not let the gm failure occur.
i guess you can see where i am going with that.
understand, i am not wishing for any of this. I am saying the u.s. dollar is extremely, extremely vulnerable.
Michael