Stock Market Returns Lost in Translation [View article]
Alternatively, would the expectation of weakening dollar also incentivize US-based investors to put their money elsewhere to take advantage of the carry trade? I know I am incentivized to diversify my holdings in other currencies given the weakening of the dollar.
As long as the Fed is in charge of the printing presses, of course the dollar will go down forever. That's what's happened in the last 90-odd years, hasn't it? The purchasing power of a dollar today is a tenth (probably less even) of what is was in 1913. That's what the congress wants because it imposes a tax without calling it a tax. Good thing most of the electorate is too stupid to realize it. :) Except it lets them (congress) spend more than they receive in revenues so that eventually money supply is inflated to pay off its debts in depreciated money. I bet they laugh too "haha, suckers!"
October 9, 2008: Remember the Date - This is Huge [View article]
CaptD, don't count on it, I believe tomorrow, they start to unravel/auction off Lehman's CDS portfolio. The banks are hoarding cash until they see if they get hit tomorrow or not with big default payouts. Hopefully it won't make too much ripples, but you never know...
Stock Market Returns Lost in Translation [View article]
Will the Dollar Decline Forever? [View article]
Except it lets them (congress) spend more than they receive in revenues so that eventually money supply is inflated to pay off its debts in depreciated money. I bet they laugh too "haha, suckers!"
October 9, 2008: Remember the Date - This is Huge [View article]