Mondo Cane
Joseph Calhoun sent a comment my way... "Dollar not looking so good today....if it can't rally with all the bad stuff going on around the world....
You know, I don't think we are that far apart in our thinking. The dollar index is really just the dollar versus Yen and Euro so it doesn't tell the whole story. Go talk to a Brazilian and you'll get a different story."
We Nattered back:
"I don't think we are that far apart in our thinking. "
We are just about on the same page. I am not even worried about the dollar, as stated temporary pullback is needed and healthy, baring a global economic turnaround or massive Fed intervention before year end, E-dollar capitulation should squeeze it to the moon.
You are correct. The Euro and Yen pairings represent the Axis regimes we beat into submission in WW2. To this day, they are emasculated satellite states of our hegemony. China exports their overcapacity in labor, we export our inflation in dollars, they are starting to regurgitate it.
Getting fried alive in oil (no pun intended), the real, rand, loonie, aussie$, bolivar, just about anyone commodity export based, to name a few. The Saudis with $700 billion unencumbered, yet went to market to borrow?? Oil stays under $60, 2 more years, they and all other oil exporters will have a massive problem, and it won't be just debt. Who needs armed invasions? Mondo Cane.
You know, I don't think we are that far apart in our thinking. The dollar index is really just the dollar versus Yen and Euro so it doesn't tell the whole story. Go talk to a Brazilian and you'll get a different story."
We Nattered back:
"I don't think we are that far apart in our thinking. "
We are just about on the same page. I am not even worried about the dollar, as stated temporary pullback is needed and healthy, baring a global economic turnaround or massive Fed intervention before year end, E-dollar capitulation should squeeze it to the moon.
You are correct. The Euro and Yen pairings represent the Axis regimes we beat into submission in WW2. To this day, they are emasculated satellite states of our hegemony. China exports their overcapacity in labor, we export our inflation in dollars, they are starting to regurgitate it.
Getting fried alive in oil (no pun intended), the real, rand, loonie, aussie$, bolivar, just about anyone commodity export based, to name a few. The Saudis with $700 billion unencumbered, yet went to market to borrow?? Oil stays under $60, 2 more years, they and all other oil exporters will have a massive problem, and it won't be just debt. Who needs armed invasions? Mondo Cane.
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