Page 1
Page 1
Started By
Message
locked post

Citi predicts the greenback could weaken ‘substantially’ — to as low as 85 on the dollar

Posted on 11/1/19 at 5:36 am
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 11/1/19 at 5:36 am
quote:

The U.S. dollar index could fall to as low as 85 as the Federal Reserve grows its balance sheet again by purchasing more bond assets, a Citi strategist said Thursday.

“Our latest projections are that it would weaken even further — maybe to the high 80s, perhaps even as low as 85,” Mohammed Apabhai, head of Asia Pacific trading strategies group at Citi, told CNBC’s “Street Signs.” Technical analyst Daryl Guppy said last year that 85 is a “historical support level” for the dollar.


LINK

This is great news. This will hopefully be enough to make our exports competitive.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11101 posts
Posted on 11/1/19 at 7:06 am to
What a stupid thing to hope for, wow.
Posted by Tiger Prawn
Member since Dec 2016
21898 posts
Posted on 11/1/19 at 7:10 am to
quote:

This is great news
Until everything you buy costs 15-20% more because the dollar isn’t worth as much
Posted by offshoretrash
Farmerville, La
Member since Aug 2008
10177 posts
Posted on 11/1/19 at 7:32 am to
You need to change your name to Olenumbskull....
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 11/1/19 at 8:52 am to
quote:

What a stupid thing to hope for, wow.


It is clear you have zero idea how net exports work and how manufacturing is effected.
Posted by EllisD
Member since Feb 2009
888 posts
Posted on 11/1/19 at 8:53 am to
quote:

This is great news. This will hopefully be enough to make our exports competitive.


race to the bottom
Posted by GumboPot
Member since Mar 2009
118782 posts
Posted on 11/1/19 at 8:54 am to
Good for debtors.

Bad for savers.
Posted by CitizenK
BR
Member since Aug 2019
9450 posts
Posted on 11/1/19 at 11:12 pm to
They don't realize that this means the US cleans house on the world. When Sasol pulled the trigger on that huge expansions, Euro friends started telling me that this was the beginning and that the US was going to crush the European manufacturers. I'm talking financial guys, big money/projects guys.

Then Trump cutting taxes puts the US on a level playing field not seen since WWII
This post was edited on 11/1/19 at 11:14 pm
Posted by CitizenK
BR
Member since Aug 2019
9450 posts
Posted on 11/1/19 at 11:16 pm to
quote:

Until everything you buy costs 15-20% more because the dollar isn’t worth as much


It means that globalists are shitting and that what you buy will be more likely to be made in the USA.

Companies will profit here with an already tight labor market wages should rise.
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
11809 posts
Posted on 11/2/19 at 12:21 am to
quote:

This is great news.



Load up on gold and bitcoin baws.
Posted by buckeye_vol
Member since Jul 2014
35236 posts
Posted on 11/2/19 at 1:50 am to
quote:

It is clear you have zero idea how net exports work and how manufacturing is effected.
It’s almost as if there aren’t 325+ million people in the United States and a vast array of business sectors, most of whom do not benefit from manufacturing, especially those most closely tied to the export market. And it’s almost as if that same majority who doesn’t benefit from a weaker dollar is more likely to be negatively impacted, and the greater the weakening the more negative the impact.

So then maybe it’s possible that someone knows that something is bad for the majority is also good for the minority, but believes what’s bad for the majority is just bad.

Between here and the money board, I just can’t figure out if you’re trolling, or just someone knows a little bit about something but is unable to realize what he doesn’t know and thinks he’s an expert instead.
Posted by Eurocat
Member since Apr 2004
15047 posts
Posted on 11/2/19 at 2:28 am to
Greenback is another word for dollar so the title of your post could be rephrased. I didnt understand it until later (going down or up).

Keep in mind a country like China would have much less of a reason to keep buying us treasury notes and interest rates would rise along with us debt payments on our previous debt.

This post was edited on 11/2/19 at 2:37 am
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 11/2/19 at 3:19 am to
quote:

and how manufacturing is effected.
Affected...
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 11/2/19 at 4:14 am to
quote:


It is clear you have zero idea how net exports work and how manufacturing is effected

Affected
Posted by Eurocat
Member since Apr 2004
15047 posts
Posted on 11/5/19 at 2:57 pm to
Posted by Lsujacket66
Member since Dec 2010
4792 posts
Posted on 11/5/19 at 4:39 pm to
this would be great for manufacturing and the economy
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram