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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: sea_biscuit who wrote (70803)11/1/2007 11:53:41 PM
From: Real Man  Respond to of 116555
 
The numbers don't really matter. Stocks can be pushed up
to make the report, whatever it is, look good,
but it's hard to impossible to get the dollar up, cause
forex is a huge, huge market, and 400 trillion carry
trade that rules it is much bigger than the pushers.
The dollar needs to be convinced by reports, so that someone
buys it, but so far all attempts failed. No buyers. The Fed may
have lost its credibility, and the dollar decline is
about to get "disorderly" -g-

Example of good spin:

Good report: All is well, the economy is growing without
inflation. Stocks rally.

Bad report: Fed funds futures show 100% probability of 25%
Fed cut in December. Stocks rally.