Page 2 of 4 FirstFirst 1234 LastLast
Results 11 to 20 of 37

Thread: weakening dollar

  1. #11

    Default

    got a shock, the swiss frank is now one euro. Incredible but true.... still a little push and the euro, dollar swiss frank and poundc will all be worth the same, then they can baptize their common money units the NATO ( new name for the common atlantic unit. That will be the future "single atlantic currency" .


    Golditiki2+++

  2. #12

    Default

    Quote Originally Posted by brutus2 View Post
    As of today the US dollar index is up 15.87% in past year.
    This sounds very significant and potentially very negative to emerging markets.

    Lets look closer. I chose to look at everything compared to Gold and based on 1 year period.

    The US dollar is up 1.72% vs Gold.

    Now look at the Bric nations vs Gold

    Brazil - up 5.68% vs Gold
    Russia - up 15.83% vs Gold
    India - down 3.89% vs Gold
    China -down 3.67% vs Gold

    Average - up 3.49% vs Gold

    They are faring collectively better than the US dollar vs Gold in the last year, despite the endless negative stories coming out of China, Russia and India about their economies and/or situations. Russia being the strongest currency with arguably the most negative press on its economy.

    Meanwhile all you hear is the great US $ and the trash that is Gold, from the main stream press.

    They should be singing the trash that is the Euro and the Yen, down 14.70% and 16.12% respectively in the last 12 months vs Gold.

    BRIC nations up average of 4.7% against US dollar while the main currencies of the DXY are down an average of 17%. As of today. 12 month roll.

    I do not hear this on the business news narrative.

  3. #13

    Default

    Quote Originally Posted by brutus2 View Post
    BRIC nations up average of 4.7% against US dollar while the main currencies of the DXY are down an average of 17%. As of today. 12 month roll.

    I do not hear this on the business news narrative.
    well, some countries are standing because they are starched with bureaucrats. Ex.g. France has communities, cantons, departements, regions, the nations' government and the european bureaucratic organizations to feed that means a lot of people who live well. Not to speak about vital big companies which are nowadays " privatized ", but in reality held by the government and need to be subsidized year after year the sleek way in order to avoid monstruous strikes.

    It means bigger and bigger need of money injections = bond issues nobody ever will payback. I.e money printing = deliberately inflating the currency value in order to "save" the starched system for the good of all.

    Golditiki2+++

  4. #14

    Default

    just read that the french EDF is making such big losses there is talk about nationalizing ( again ) the company which is too big to fall ...

    The german government is gonna buy another big energy group which is at the brink of going " pleite" ( insolvency ), so when energy dinosaurs are going that way, we know the medecine will be to rackeeert the taxpayer and cut the value of the euro, because all main european countries have the same problems. Actually we are everywhere in a yearly holiday mood so everybody is more or less lethargic to what is gonna happen. September will be the cruel awakening. Many won't find out they have no job anymore.

    Be prepared.

    Golditiki2+++

  5. #15

    Default

    Quote Originally Posted by golditiki2 View Post
    just read that the french EDF is making such big losses there is talk about nationalizing ( again ) the company which is too big to fall ...

    The german government is gonna buy another big energy group which is at the brink of going " pleite" ( insolvency ), so when energy dinosaurs are going that way, we know the medecine will be to rackeeert the taxpayer and cut the value of the euro, because all main european countries have the same problems. Actually we are everywhere in a yearly holiday mood so everybody is more or less lethargic to what is gonna happen. September will be the cruel awakening. Many won't find out they have no job anymore.

    Be prepared.

    Golditiki2+++
    It is a great time to be a politician or bureaucrat or a CEO of a multinational. No matter how bad you or your actions are, you will never have consequences.

    You see, it will always be Putin`s fault

  6. #16

    Default

    I cant comprehend massive inflation and a very strong dollar...my brain hurts.
    Politicians and diapers must be changed often, and for the same reason. -Mark Twain

    The purpose of life is to matter, to be productive, to have it make some difference that you lived at all. -Leo Rosten

  7. #17

    Default

    Quote Originally Posted by Miteysquirrel View Post
    I cant comprehend massive inflation and a very strong dollar...my brain hurts.

    Japan, UK and EU economies are probably "deader" than the US economy.

    Golditiki2+++

  8. #18

    Default

    Quote Originally Posted by golditiki2 View Post
    Japan, UK and EU economies are probably "deader" than the US economy.

    Golditiki2+++
    Exactly Goldtiki2. Fiat currency valuation is relative against each other.

    The US dollar is like a boat with the least draft going through a very shallow passage.
    You may not make it, but I would choose it over the ones with greater drafts.
    In this case that definitely would be the Yen, Euro and Pound, in my opinion and many others.

  9. #19

    Default

    USD to Euro is 1:1 right now
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  10. #20

    Default A litle relief coming here In my opinion in DXY possible

    A little pullback on the dollar maybe as far as 106

    https://www.tradingview.com/x/hLeCtOuE/

    It may only make it to the green band.
    Last edited by ruthenium; 07-17-2022 at 11:18 AM.

Page 2 of 4 FirstFirst 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •