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Originally posted by Lancer
Okay, thanks DanS. I'm looking for signs of a dollar drop vs the Philippine peso but so far nothing much. It will but slowly and continually as the Fed continues to inflate the money supply and interest rates keep falling in an attempt to goose the economy. What we really need is some form of responsible regulation to prevent the worst speculative behavior and to provide greater transparency on complex even arcane items like "mortgage backed securities". Supposedly the rules and system was so complex that even institutional investors couldn't judge risk accurately and unscrupulous firms were able to shift bad loans off on unsuspecting punters due to the risk/value of these securities being almost impossible to quantify.

Lord knows if the taxpayer is going to continually pick up the tab for the failures while companies get to keep all of the profits during the boom cycle then the government needs to regulate away the worst practices of the offenders.