[d4now]

rohry - do you think it's possible they're (the Bush Administration) intentionally trying to deflate the dollar?

[rohry]

"do you think it's possible they're (the Bush Administration) intentionally trying to deflate the dollar?"

I honestly don't know. They have been giving mixed messages. They are in the same position that Hoover was in in 1930. The bubble is deflating and they cannot control it (the market is bigger than government intervention). Deflating the dollar causes problems and propping it up causes problems. This is a loose-loose proposition.