I am very very skeptical of the dollar bears after believing them. I do not disagree with any of their aruguments, except the application and manifestation of them. They all thought by now, the "bailout" effects would be Euro-$ almost 1.8-1.9 instead of 1.26 No one , I mean no one imagined the dollar strength. ALl the people who got the FInancial mess right did not get the after effects exactly right. No one saw the commodities crashing. BTW currencies are not stand alone in trading , so its always a paired trade and Europe is in a big mess . I mean come one each of the $ bears saw INFATIOON and said ECB has it right , and I heard on Bloomberg, from Mr. Nouriel Roubini, that the ECB has it wrong with high interst rate , how about that? So now there is talk of Euro-$ parity, PARITY? wow. Forget the pound . CHINA? people here are talkling of China? Like you know what they do , is any policy of theirs transparent? I am really not sure how its gonna turn out but I know that the author here and several others are just speculating. Everyone predicting HUGE inflation did not see the Massive deflation? The only explanation seems to be the huge US debt, plase can some economist see beyond that? With all due respect to the author and other $ bears, please give a very high level timeline, just some thing like next year or two for $ weakness etc.? How about some targets? I am not questioning the knowledge of anyone. I am not at all a scholar in this. But i do knkow they all got it wrong, no one saw this $ stregnth. So why should I believe in the " oh just wait and see" now.
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I am very very skeptical of the dollar bears after believing them. I do not disagree with any of their aruguments, except the application and manifestation of them.
Oct 27 09:27 am
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All Comments by Seekingknowledge »Dollar Strength: An Illusion [View article]
They all thought by now, the "bailout" effects would be Euro-$ almost 1.8-1.9 instead of 1.26
No one , I mean no one imagined the dollar strength. ALl the people who got the FInancial mess right did not get the after effects exactly right.
No one saw the commodities crashing.
BTW currencies are not stand alone in trading , so its always a paired trade and Europe is in a big mess .
I mean come one each of the $ bears saw INFATIOON and said ECB has it right , and I heard on Bloomberg, from Mr. Nouriel Roubini, that the ECB has it wrong with high interst rate , how about that?
So now there is talk of Euro-$ parity, PARITY? wow. Forget the pound .
CHINA? people here are talkling of China? Like you know what they do , is any policy of theirs transparent?
I am really not sure how its gonna turn out but I know that the author here and several others are just speculating.
Everyone predicting HUGE inflation did not see the Massive deflation?
The only explanation seems to be the huge US debt, plase can some economist see beyond that?
With all due respect to the author and other $ bears, please give a very high level timeline, just some thing like next year or two for $ weakness etc.?
How about some targets?
I am not questioning the knowledge of anyone. I am not at all a scholar in this.
But i do knkow they all got it wrong, no one saw this $ stregnth. So why should I believe in the " oh just wait and see" now.
Regards