Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: orkrious who wrote (11166)	8/30/2004 4:16:21 PM
From: mishedlo	Read Replies (1) of 116555

I really do not think he said much. The US$ can correct a lot here given that it was in a freefall for about 2 years. Now the "recovery" is suspect in Europe and the UK appears to be done or nearly so in hiking, the US$ has plenty of room to rise for a while. I think a trading range is more likely. Once the US recovery is seen for the sham that it is, the US$ could plunge. All it will take to get it started is Greenspan skipping one hike or US housing to fall on its face. Grand reflation part II will be interesting. I predict US interest rates will be lower at the end of 2005 than the end of 2004. Even with that I expect housing and auto to falter. The question is: what will the US$ fall against? Is Europe much if any better? Japan? Other than gold or silver what should the US$ fall against? Mish

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