Hi Grace, <<... interest of US multinationals to have a lower dollar ... remember back when the Euro was free falling ... earnings warnings prefaced with due to falling foreign currencies ... the weakness in the Euro, etc..... >>
What I remember is when the USD was weakening quite a while ago, the Cokes and Mercks got bid up, and when the USD was strengthening, the Cokes and Mercks stayed up, especially relative to profit and growth. I remember the days when good news was good news, no news was better news, and bad news was the best news of all. I remember because we are still in those days. Dusk now, different animals roam the jungle, energized by drums making unfamiliar sounds, motivated by hunger.
<<But money doesn't care about quality of life but return on investment, after tax return on investment>>
Wait, that is my line! Now, where do you suppose the relative value is at now and immediate future, and how has this view changed from the reality of the immediate past?
Right now I think the return on speculation, net of all mandated friction, is to stay wish cash, bet against the USD, and I have no view on the long term, other than that it will mirror the past, but with reflective distortion. Every asset gets its turn in the sun, always.
Chugs, Jay |
