The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: russwinter who wrote (24668)	1/16/2005 10:11:03 AM
From: gregor_us	Read Replies (3) of 110194

The Forex Action Responded Pretty Well to the Issing/Evans redirection this week. While I expect forex to be jumpy initially on any official commentary, the fact that the Yen put on a show as the week progressed makes me wonder if there's a theme developing here. The idea that Asian currencies could advance even further in 2005 against the USD also fits in with my undeveloped idea that "China" has been discounted quite alot, with lots of smart money calling for a soft landing, at least. Also, I note the first sentence of the Barron's roundtable refers to the one theme the panelists could agree on: All the world depends on the US consumer to keep the whole commodity-China-US consumption daisy chain going. I agree with this and so does everyone I know. What if its not true? What if we have a hard landing of our own in the US first, and Asian stocks and currencies continue to advance? Seems like a ridiculous idea to me. Just don't see how it could happen. But I've started to wonder about it. So this gets us back to the Malaysian Ringgit story. Just seems like there's a head of steam in the forex market to see where in Asia the dollar could do some collapsing--like busting the Ringgit from its peg. Since last year, I have generally seen the dollar as a restless thing that looks for assets to collapse against. Now we find ourselves at a cessation/pause of the dollar's manic collapse against the GBP and the EUR--and the Issing/Evans redirection seems to have actually caught on, as an idea in forex. Finally, the fact that gold has not really stepped in, right here, to take more of the dollar's adjustment suggests a real problem to me--about Gold. LP

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next