The dollar is like any other commodity. Despite the author's assertion that it "is first and foremost a political instrument" (an absurd statement in itself) we all know its value is based essentially on supply ad demand. There has to be underlying reasons for foreigners to want buy and hold dollars and dollar denominated instruments. I'll use an exaggerated example. If the Federal Reserve would suddenly raise the Fed Funds target to 15% (something that they could do), I'll guarantee that you will see the dollar soar against all the worlds currencies. Come on folks, this is not rocket science.
Baidu: A Train Heading for Derailment? [View article]
Do No Evil, you're a fool. Do you really think the author believes he's going to "move the market" in this international stock with this single article??
Wow! You know they say hindsight is perfect, but damn, how could all the experts be so wrong in their analysis of Synovus which headed straight up after this article suggested a decline into the nines? Ah! such is the market.
Sort by:
Latest comments | Highest ratedFive Reasons the Market Could Crash This Fall [View article]
What's Keeping the Dollar Down? [View article]
Baidu: A Train Heading for Derailment? [View article]
Monday's Options Report: WB, XLF, CNB, ZION, SNV, INTC, MNST [View article]