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re: Beginning of the End of U.S. Dollar Hegemony
Posted on 7/18/14 at 2:46 pm to LSU0358
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.
1
Posted on 7/19/14 at 8:40 am to BennyAndTheInkJets
quote:
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.
Exactly. People don't realize the value of the USD is relative to other currencies, not just a function of how much money supply is out or what the CPI is.
Many Americans think there is inflation but what has really occurred is that wages for certain jobs (mainly repetitive tasks/low skill jobs) have dropped because of international competition (this was the main purpose of free trade agreements IMO) or automation rendering workers obsolete.
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