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

To: mishedlo who wrote (76499)	3/19/2008 5:53:46 PM
From: Real Man	Read Replies (1) \| Respond to of 116555

This certainly does not look like one, Mish - the dollar lost 8% since October. Here is 1986-1995 JPY/USD chart, in comparison. Looks different to me fx.sauder.ubc.ca*&fd=1&fm=1&fy=1986&ld=31&lm=12&ly=1995&y=daily&q=volume&f=png&a=lin&m=0&x= I don't understand how every little pimple on the dollar chart can be regarded as a bottom. Interest rates must rise or the current account deficit must reverse.

To: mishedlo who wrote (76499)	3/19/2008 5:56:32 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 116555

I think it will happen when we see the default rate pick up. It's happening slowly but surely. Corporations refinanced themselves at very low rates through 2006. The first of the re-fi's should be coming up soon.

To: mishedlo who wrote (76499)	3/19/2008 7:20:25 PM
From: Jim McMannis	Respond to of 116555

European stocks rallied for 5 years on a strong euro.

To: mishedlo who wrote (76499)	3/20/2008 10:31:03 AM
From: Real Man	Respond to of 116555

It seems the correlation shifted the other way around - a major USD propping operation is good for stocks now, as the rapidly falling dollar threatens the Fed's reflation bid and crashes the foreign markets. Big efforts on part of the Fed this week, but the buckie won't be able to hold - nobody can hold it in this environment. Shorts cover, it goes down. A decline of USD against the Yen is especially destabilizing. What the Fed "should" be doing is what they should have done in the first place - let the financial bubble collapse.