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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (90797)	10/24/2009 4:48:27 AM
From: ayn rand	Read Replies (1) \| Respond to of 94695

battle of the fiat (garbage/dreck) currencies continue they are all toast .................................................... Financial Times by Peter Garnham "Taste for risk sees dollar hit 14-month low against euro." "The prospect of US interest rates remaining at ultra-low levels for the foreseeable future has made the dollar the funding currency of choice for carry trade strategies, in which low-yielding currencies are sold to finance the purchases of higher yielding assets. Since equity markets recovered from their lows for the year at the beginning of March, the dollar has fallen more than 16 percent against the euro. The US Treasury may have a strong dollar policy but we maintain that it is best served by a weak dollar right now, given deflationary pressures and the need to fund the huge deficit without sharply higher bond yields." Mitsubishi Corporation "Bullion Daily Report" "Since Australia bumped up rates a little while back, and the entire Australian economy didn't disappear into a catastrophic economic vortex (one that spins anti-clockwise) there has been noticeable grumbling in the US press for the Fed to show some anti-inflationary/pro recovery proactive sensibilities. Today the New York Fed announced that it is working on a way to effectively drain cash from the system. The Treasury Department even made some noises about the US housing market almost being able to stand on its own wobbly little legs again soon. So far none of this has helped the dollar at all. With the dollar so decidedly pathetic, and the US only making check swings at doing anything positive, there is no reason for any precious metals longs to lose any sleep." Global Imbalances to Result in Complete Economic Chaos Brazil announced this week that they will be implementing a 2% tax on fixed-income and equity purchases by foreign investors in an attempt to curb the appreciation of the Brazilian real, which is up 32% this year against the U.S. dollar. Brazil is trying to deter foreign investors from investing into their country, in an attempt to artificially prop up the U.S. dollar. .......................... u.s. continues its rhetoric for need for a strong dollar but continues to do nothing faber predicts a dollar bounce (dead cat?)