Great article on credit/property bubble

Very good article indeed. That's a currency adjustment of south american proportions and with all the inevitable hedging will give us something exciting to behold.

Unfortunately, so are the US deficits.

I guess it's about time to find out whether assumptions of continuous liquidity in swaps and currency derivatives hold up in the ultimate portfolio stress-test.

If it pops by 84% in total, then Warren Buffet will be richer than, errr, he is now.

FoFP

would that make the dollar about the same strength as the Chinese yuan ?