Be afraid
Davin said:
"Looks like Central banks are starting to hedge against the dollar by shifting their new buys to the Euro. China and Japan are still actively buying, so that means basically they are funding our debt, and lets hope they don't decide to stop."
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The U.S. is playing a game of "Chicken" with the Chinese and Europeans. Yeah, we're sticking them with our debt and they don't like it. However if the U.S. dollars controlled decline turns into a panic then everyone loses, i.e. we have a head-on collision at 60 mph.
Gary
p.s. My 401k is fully invested in the Europacific Fund.