Up to 98 vs. yen
Up to 1.4 vs. euro
Here lies the fallacy that stimulus is bad for the dollar!
If stimulus results in an improvement in the labor market, that should be good for the dollar and it is!
Those who say stimulus is bad for the dollar WANT to be BEARISH on the dollar all the time, no matter what!
Dollar bears are ideologues. They don't understand the monetary system! They WANT to be BEARISH on the dollar no matter what the facts are!
Dollar bears don't understand...
Dollar bears don't understand ouble entry accounting.
Dollar bears don't understand for every debit there is a credit.
Dollar bears don't understand for every liability there is an asset.
Dollar bears don't understand for every borrrower there is a saver.
Dollar bears don't understand for every dollar of the trade deficit there is a dollar of capital account surplus.
This is the beginning of what could be a secular advance in the dollar. If I am right, gold is going down significantly.
Gold at $400, anyone?
Friday, June 5, 2009
The dollar is soaring!
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4 comments:
Mike, I think you mean dollar "down" to 1.4 to Euro. June contract rallied from about 1.4190 up to 1.4267 this morning right after the Employment numbers, then began within 10 minutes to drop to a current low of 1.3970, now at 1.387
Technically it's "euro down" to 1.4. You can say dollar up to 1.4, but when you look at the exchange rate of the euro it fell, dollar rose.
What matter is dollar rallying strongly and I am long against euro and yen!! Hope you are too!!!
It does not matter - as we have seen with consistency - The NORMAN THEORY OF CAPACITY WITH COROLLARY HAMILTONIAN PRINCIPLE OF ACTION =>
SAVINGS LEVELS ARE HIGHEST IN YEAR AND THAT IS WHERE THE STIMULUS SPENDING WENT.
THE DIRT IN THE PLAYING FIELD WAS VAPORIZED BY REPUBLICAN'T IDEOLOGY AND THE DIRT HAS BEEN REFILLED BY WHAT THE ARCHITECTS OF OUR GREAT COUNTRY PRESCRIBED LONG AGO.
Now, you've got to save Frischberg from going overboard with all this stuff about getting monies out of dollar denominations.
Friends don't let friends republican't !!!
There will be waxing and waning between spending and balancing budgets, dollars vs other currencies, etc
WWWWWWW is the shape of the recovery !!!
does any one know if the FSLIC ( savings and loan version of FDIC )
in the 80's was funded by taxpayers or federal crediting of banks ?
many references indicate tax payers were on the hook for this Republican't fiasco of the 80's ...
but I just want to make sure since the FSLIC was finally abolished but not before being funded several times - either by taxpayers or by credits.
It would be ironic if this was actually paid for by taxpayers during a time that the glorious Reagan tax cuts created the very S & L crisis which taxed them to the gilt !!
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