tag:blogger.com,1999:blog-2761684730989137546.post6848961307486521502..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Paulson acts unilaterally, against Congress' intentmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2761684730989137546.post-72135132314948163802008-11-19T01:49:00.000-05:002008-11-19T01:49:00.000-05:00I see your point. The $ index is not far from a h...I see your point. The $ index is not far from a high set in 2005. Looking at what it has already done it's not far from a 10 year flat line.<BR/><BR/><BR/>11/01/98 96.20<BR/>01/01/02 120.22<BR/>08/01/03 97.99<BR/>11/01/05 91.57<BR/>03/01/08 71.76<BR/>11/01/08 87.18cuOnTheOtherSidehttps://www.blogger.com/profile/13403369469444333407noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-68988458214652111002008-11-18T21:02:00.000-05:002008-11-18T21:02:00.000-05:00The dollar is at levels not seen in 30 years or mo...The dollar is at levels not seen in 30 years or more against some currencies. What took six years to achieve against the dollar for some currencies, was erased in a few months. And if the Fed did not conduct these Forex swaps the dollar would have experienced a superspike.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-32314803942500691122008-11-18T19:28:00.000-05:002008-11-18T19:28:00.000-05:00Recently the dollar is strong. Over the previous y...Recently the dollar is strong. Over the previous years the dollar has been week.<BR/><BR/>The destruction of the dollar is already in affect.cuOnTheOtherSidehttps://www.blogger.com/profile/13403369469444333407noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-86348107443971394862008-11-18T14:12:00.000-05:002008-11-18T14:12:00.000-05:00Yes, the only benefit out of all this has been a s...Yes, the only benefit out of all this has been a stronger dollar and they will destroy that, too!mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-8318139761569171272008-11-18T14:04:00.000-05:002008-11-18T14:04:00.000-05:00The US needs to keep changing plans and making old...The US needs to keep changing plans and making old plans back up plans to new plans - keep everyone guessing and even get new treasury secretaries to evolve this in such a manner that is pro USA such as your suggestion for overleveraging the U$D temporarily at the expense of exports and leave all the arrogant BRIC countries in the dust.<BR/><BR/>A strong dollar will be good for Israel for their US loans, good for North Sea oil producers who prefer a strong U$D, and even africans who rely upon free US Aid which has been watered down by a weak dollar.<BR/><BR/>However, how do we do this in such a manner so as to shake off the Russia Chinese guerillas who have large dollar reserves ?<BR/><BR/>You have to keep the plan changing to keep them guessing.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com