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Dave Wrixon » Comments » BNZ

  • Not Even Geithner Can Hold Up the Dollar [View article]
    Makes more sense to buy foreign companies who earnings are substaintially based in other currencies.


    On Jul 17 05:37 AM Moon Kil Woong wrote:

    > It seems pretty clear to everyone that the Fed and Treasury are actually
    > trying to deflate the dollar. Their only sorrow is that long term
    > treasury rates and commodities are rising in tandem. If only they
    > could violate economic law as easily as they can make money out of
    > thin air all their problems would be solved.
    >
    > The good news is, corporations that get paid in other currencies
    > make more when they disclose their earnings in dollar terms. Should
    > we all jump for joy now and say Geithner and Bernake are geniuses?
    > At the cost of 5% of your assets (providing you have any net equity),
    > IBM and the likes get to declare a few percentage more profits.
    Jul 17 08:43 am |Rating: +2 -1 |Link to Comment
  • Russia, China Gang Up on the Dollar [View article]
    America has bugger all foreign exchange reserves, they have something much more valuable, which is reserve currency status. Printing bank notes to be able to import exactly what you will is far more valuable than some chump change in foreign reserves.

    What Americans just fail to get is that if the dollar crashes out it is not the Chinese that are going to be the biggest losers. Indeed they stand to be amongst the biggest winners. The currency peg will disappear soon because it has outlived its usefulness, but they need an excuse and they also need to be able to demonstrate a benefit. When Obama is auctioning of the Sixth Fleet for cents on the dollar to pay the rent, then you will see who is King of the Hill.


    On Jun 03 01:08 PM HaavBline wrote:

    > You got the cause and effect totally wrong.
    >
    > Both China and Russia (and Japan, among others) have heavy exposure
    > to US Dollar denominated assets in their FX reserve. On the other
    > hand, American and European FX reserves are heavy in gold.
    >
    > It makes no sense for China and Russia to bash the Dollar and devalue
    > their own FX reserves. The Chinese also stand the lose crucial exports.
    >
    >
    > It is the Dollar's precarious fundamentals and irresponsible quantitative
    > easing policies that id driving down the dollar and making China
    > and Russia suspect that the US are leaving them holding them holding
    > the bag.
    Jun 03 14:15 pm |Rating: +2 -4 |Link to Comment
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