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re: Beginning of the End of U.S. Dollar Hegemony
Posted on 7/18/14 at 10:22 am to Swampeast
Posted on 7/18/14 at 10:22 am to Swampeast
quote:
Beginning of the End of U.S. Dollar Hegemony
BRICS flip us the bird.
LINK
I'll be laughing my a** off at the BRICS when the USD goes from the current 80 to around 130 to 150 in the next 5 to 8 years. Russia will come apart at the seems with a strong USD and ~$60/bbl crude oil.
All of the dollar doomsayers are going to feel the pain betting against the dollar IMO.
Anyone know where the USD index was at at the start of QE? About 78. After 6 years of QE it is at roughly 80, in other words the USD has been stable while the Fed has put trillions of dollars into circulation. I don't see a dollar crash (though a move to 74 to 76 wouldn't shock me) while the US is in the middle of ending QE.
This post was edited on 7/18/14 at 10:25 am
2
Posted on 7/18/14 at 2:46 pm to LSU0358
quote:
Anyone know where the USD index was at at the start of QE? About 78. After 6 years of QE it is at roughly 80, in other words the USD has been stable while the Fed has put trillions of dollars into circulation. I don't see a dollar crash (though a move to 74 to 76 wouldn't shock me) while the US is in the middle of ending QE.
I'm so happy we've got another poster that actually looks at the DXY and not CPI figures, then claim how much the dollar is in the tank. The world of absolutes must be a scary one.
Posted on 7/19/14 at 9:40 am to LSU0358
quote:
I'll be laughing my a** off at the BRICS when the USD goes from the current 80 to around 130 to 150 in the next 5 to 8 years. Russia will come apart at the seems with a strong USD and ~$60/bbl crude oil.
All of the dollar doomsayers are going to feel the pain betting against the dollar IMO.
Anyone know where the USD index was at at the start of QE? About 78. After 6 years of QE it is at roughly 80, in other words the USD has been stable while the Fed has put trillions of dollars into circulation. I don't see a dollar crash (though a move to 74 to 76 wouldn't shock me) while the US is in the middle of ending QE.
This is probably the most important point in this thread.
OP has been reading too much Jim Willie. The dollar is going higher because the FED is getting ready to slow supply.
The subject of ending dollar hegemony is not worth discussion until they break the $ peg.
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