Will the Dollar Trigger Another Financial Market Crisis?

The following interview between Maria Bartiromo and Robert Prechter took place some weeks ago and since then the U.S. dollar has been trashed even further. So the question is will the dollar ride up on a new wave or risk aversion or will it keep getting hammered to the point where that will trigger another crisis for the financial markets?

Either way one answers that seems to have "difficulties" for the new speculative mania.

Comments

[Mad Hedge F...:]

kkl. Hedge fund longs have been bunching up in the Canadian dollar for the past two months. Canada makes what everyone wants, doesn’t have enough people to consume it, making them a major exporter of everything hot. I bet you didn’t know that the frozen wasteland to the North is our largest foreign oil supplier. Most guess Saudi Arabia. The Canadian supply is slated to double over the next 20 years, thanks to the environmental atrocity of oil sands. The land of Mike Myers, Jim Carey, and Pamela Anderson (note gratuitous photo below) is also a big supplier of gold, silver, lead, grain, uranium, wood, and other hard things. As for mosquitoes, they’ve got a lock on the market. Yet, their currency still offers a smidgeon of return, which these days makes them positively high yield. Use dip to accumulate the loony. If you catch me singing “O Canada” in the shower, you’ll understand why.

Sep 10 02:31 PM