David Roskoph

Currencies: Dead Cats and Yapping Dogs

Ray,

That was a well written article. I make a veiled parallel to Rome in seekingalpha.com/artic... but portend that the dollar will indeed rise due to the magnitude of the deflation and risk of collapsing the empire by fiating the loss.

The Great Consumer Crash of 2009

James,

Brilliant! I wish I could have said it better myself. seekingalpha.com/artic...

Wake Up America, You’re Sinking

Daniela,

I am an American by birth and by choice. I have proudly represented her as an athlete and served her as a military officer. She is off course and listing. I do not want her to sink.

The U.S. Dollar: A New Accord

Picking the dollar to rise from the ashes has as much to do with the 6 trillion of deflation that has already occurred in equities and real estate. The countervailing 1.5 trillion in fiat will not compensate. We are at a tipping point where more fiat may well fell the republic ala Weimar Germany circa 1923. Bennie and Hank get it and will silence the presses before dollars are dispensed in single or two ply rolls. Deflation occurs when credit collapses and takes the float of dollars with it. Oil and commodities are only a side show.

The FX Race to the Bottom

In a deflation the value of a currency increases. The dollar will rise because so many have vanished +/- 5,000,000,000,000. It will continue to rise unless the government accelerates America's decline by trying a 1923 Germany solution.

Ten Bear Market Phases, Current Edition

Mish,

You are 1000% spot on. The Federal Reserve has overseen each and every bubble and debased the currency to near toliet tissue status. They have facilitated the migration of wealth away from the middle class through the nefarious tax of inflation and somehow deserve a promotion? Few get what's truly at stake by destroying our currency. The chasm twixt ultra rich and everyone else has never been wider and the veneer of civility may well be tested if the inflation genie ravages what's left of the "everyone else" population. Either they will "stop the presses" and allow deflation or hyperinflate America out of contention.

(Hyper)-Inflation, Deflation, HOCG and LOCG

The 5 trillion dollar question is being answered today by the extension of Reserve credit to Freddie and Fannie. Essentially attempting to fiat away the real estate deflation. The opportunity to stop the descent of America was forsaken for political expediency. In the same way every other central bank has destroyed its currency, so too is Ben Bernanke. Now that the Fed has allowed yet another bubble, they are going to be given more control in what is the ultimate "Peter Principle". Without leadership (of which none is now present) America is lost.

Foreclosure Relief Efforts Appear Insufficient [Housing Tracker]

Unlike the last wholesale displacement of homeowners in the great D, we now have a cynical population who expect much less of themselves and much more of their government. The veneer of civility may not be as thick as many assumed.

Many Banks Will Eventually Fail

The Feds have one button - inflation. All they need do to curtail this mess is stay away from it. History however shows that when the only tool you have is a hammer, the world's a nail. Commodities are as out of control as our Federal Reserve. The multi-trillion dollar question is "do they get it?" If so, deflation, an unlikely hero, saves the day to restore the greenback before it's rolled and dispensed in rest rooms.

The Fed's Trojan Horse Offering

We have been living on a borrowed standard of living built upon financial engineering and debt. Instead of allowing a deflation to correct the excess, Ben Bernanke is trying to bluff his way out with a printing press. He's turning the dollar into yet another fiat bank failure. When the world sees how little we care for our own currency, is there any wonder they use it to clean their shoes?

Global Inflation Rates

Thank you.

So Is Capitalism Working, Or Not?

statePoet1775

Bingo!

So Is Capitalism Working, Or Not?

Capitalism only works if you convince the lowest common denominator he's getting a fair shake. Now our middle class is evaporating and we are headed toward the capitalism-gone-bad models where little wealth is shared or redistributed. Pushed harder we may find the veil of civility not as sturdy as we had hoped.

Technical Snapshot on the U.S Dollar

Arcane algorythms aside - the dollar will rise because they are becomeing more rare, not more abundant. The great sucking sound you hear is deflation.

US Dollar: 5 Reasons It Will Not Hit a New Low

Dollars will go up because we are in an incipient deflation and they're disappearing. Oil and food are a side-show. If you can't combust it or consume it - it's going down.

Trichet is petty and using this opportunity to rub our noses in the fiat factory that has fueled everyone's (including his) growth.

Bernanke is probably not sleeping well knowing that if his bluff is called (about not lowering rates further) and the dollar plummets, he'll ignite worldwide stagflation.