- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Beginning of the End of U.S. Dollar Hegemony
Posted on 7/19/14 at 8:40 am to BennyAndTheInkJets
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.
0
Posted on 7/19/14 at 8:49 am to The Sultan of Swine
quote:He does...one of the Money Board's best posters, IMO.
BennyAndTheInkJets
Interesting. Definitely sounds like you know your stuff
Posted on 7/19/14 at 9:25 am to LSURussian
quote:
quote: BennyAndTheInkJets Interesting. Definitely sounds like you know your stuff He does...one of the Money Board's best posters, IMO.
Agreed, and thanks to him and others for freely sharing. While many of us trade and invest we don't have a banking background so the insight is appreciated.
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.
Posted on 7/19/14 at 10:54 am to Blakely Bimbo
quote:
My Dad taught me a valuable lesson. Never bet against the currency that strippers put in their panties.
this is great
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News