Comments on: Waiting for G7 Currency Intervention: It Won’t Be Long http://baselinescenario.com/2008/10/24/waiting-for-g7-currency-intervention-it-wont-be-long/ What happened to the global economy and what we can do about it Sat, 02 Jun 2012 18:26:14 +0000 hourly 1 http://wordpress.com/ By: Starting to Wonder About Internal G7 Dynamics, Just A Little « The Baseline Scenario http://baselinescenario.com/2008/10/24/waiting-for-g7-currency-intervention-it-wont-be-long/#comment-551 Mon, 27 Oct 2008 10:06:42 +0000 http://baselinescenario.wordpress.com/?p=823#comment-551 [...] a comment » The G7 did speak on major exchange rates, over the weekend, as expected. But they only spoke about the yen’s “recent excessive volatility.”  This was [...]

]]> By: James Kwak http://baselinescenario.com/2008/10/24/waiting-for-g7-currency-intervention-it-wont-be-long/#comment-538 Mon, 27 Oct 2008 03:17:24 +0000 http://baselinescenario.wordpress.com/?p=823#comment-538 Theodore – that was a typo. People fear the fall of their currency against the dollar. (The typo has since been fixed.)

]]> By: self-evident » “Hey, buddy, can you spare a dime?” http://baselinescenario.com/2008/10/24/waiting-for-g7-currency-intervention-it-wont-be-long/#comment-523 Sun, 26 Oct 2008 20:11:34 +0000 http://baselinescenario.wordpress.com/?p=823#comment-523 [...] Johnson is expecting intervention, and soon. The G7 needs to slow down the disorderly run into the dollar.  This run is in danger [...]

]]> By: Theodore Seto http://baselinescenario.com/2008/10/24/waiting-for-g7-currency-intervention-it-wont-be-long/#comment-472 Fri, 24 Oct 2008 15:20:17 +0000 http://baselinescenario.wordpress.com/?p=823#comment-472 Dear Mr. Johnson,

Could you elaborate on your statement that “as people fear further dollar falls, they rush to buy more dollars (to cover debts in dollars and also to shift their portfolios)”? Do you mean that folks fear the fall of their currency against the dollar or the fall of the dollar against their currency?

Yours,
Ted Seto

]]> By: The dollar is on the move again http://baselinescenario.com/2008/10/24/waiting-for-g7-currency-intervention-it-wont-be-long/#comment-467 Fri, 24 Oct 2008 13:34:29 +0000 http://baselinescenario.wordpress.com/?p=823#comment-467 [...] Yikes. Major currencies are on the move, big time, since yesterday. The yen has risen to 91 yen per dollar (from 97) today. The euro has fallen to nearly 1.25 dollars per euro (from 1.29). You get the picture.The G7 needs to slow down the disorderly run into the dollar. This run is in danger of snowballing into a panic – as people fear further dollar falls, they rush to buy more dollars (to cover debts in dollars and also to shift their portfolios), and so on. [...]

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