John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: ahhaha who wrote (9237)	4/2/2008 4:20:29 PM
From: Stoctrash	Read Replies (2) of 33421

<<What fundamentals are in place for the dollar to continue down? In contrast, noney has an effective interest rate somewhere between 8 - 12%. Also, the low dollar conversion rate has made dollar investments attractive to foreigners.>> 1)FED cutting rates over and over to try and avoid the negative side of the biz cycle, eventually putting us where we are today with our own nasty internal economic issues. It's my understanding that slow/weak/over the hill economies usually have weak or in our case a declining currency. I'm not saying it goes to zero like some SI crazies... (you're not a "one of those" are you? hummm?...NO, you can't be because you say it's Random - shit now you've got me AFU) 2)Why own US$'s paying X when you can own some other paper that is paying X+Y. So in essence you believe the low US$ is a wash event? Maybe in the long long run, but right now it's F'd up some things, like why would foreigners want to own US stocks or Bonds - when even if they rise in $ values they have a loss when converting back to their own currency? BUT of course, now this part is random: I still think we are the BSD (Big Swinging Dick) of the World. McCain starts throwing some arrows at Iran or others and that US$ will move much higher. Currency issue resolved, innocent lives paid. No fundamental reason, just everyone scared of BSD as he unzips war head. New movie - "Blood Money" ala "Blood Diamond". ..shit now you've got me agreeing with your random US$ view.... You're a jerk!! Damn You! LOL!! :--))

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