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	<title>Comments on: July preliminary U of Michigan confidence</title>
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	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: Steve Barry</title>
		<link>http://www.ritholtz.com/blog/2009/07/july-preliminary-u-of-michigan-confidence/comment-page-1/#comment-191925</link>
		<dc:creator>Steve Barry</dc:creator>
		<pubDate>Fri, 10 Jul 2009 15:44:58 +0000</pubDate>
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		<description>Peter:

Just saw your dollar debate on CNBC. You are predicting declines ahead, but your debater made a good point...deflation seems to make the dollar rise and we need to deflate about 50 Trillion in debt globally. The central banks probably can print that much money. I see the dollar at least not falling apart and maybe rising...your thoughts?</description>
		<content:encoded><![CDATA[<p>Peter:</p>
<p>Just saw your dollar debate on CNBC. You are predicting declines ahead, but your debater made a good point&#8230;deflation seems to make the dollar rise and we need to deflate about 50 Trillion in debt globally. The central banks probably can print that much money. I see the dollar at least not falling apart and maybe rising&#8230;your thoughts?</p>
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