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Re: decomposed - can you add anything to this? Massive dollar run? 

By: Decomposed in POPE 5 | Recommend this post (1)
Sun, 10 Mar 19 7:57 AM | 91 view(s)
Boardmark this board | Pope 5 		Msg. 27519 of 62138
(This msg. is a reply to 27509 by kathy_s16)
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Angie:

Re: "I'd like you to chime in, if you so choose."I'm not sure what a "massive dollar run" is. The U.S. is not a bank. The article did not clarify the headline, but then we didn't see the entire article. Unfortunately, I don't get Gary Shilling's newsletter. Do you? Without reading his article, it's tough to know what he's predicting. I'm guessing, though, that he thinks the rest of the world is going to want more and more dollars. If they do, our government will be happy to provide them.

Is that good or bad for the U.S.? Well, it's both. In the short term, it's good for the American population and bad for American business. We'll be able to buy foreign products cheap, but we'll have a harder time selling our own. If we want to take vacations abroad, everything will be cheap. Foreigners won't be able to afford to vacation here. American businesses have a harder time competing when the dollar is strong. For them, a strong dollar sucks.

Other things being equal, I'd rather have a strong dollar than a weak one. But as foreign holdings of dollars increase, the risk of currency war mounts. What is China going to do with the trillions of dollars it has stored away? Unload them at some point, presumably. The author doesn't think that's going to happen. I think it's inevitable. China *is* lightening its holdings of dollars, btw. But not so dramatically as to constitute a 'war.'

So there's my two cents.

As you know, I anticipate an economic collapse. I don't think this is it. I think this is a Federal-Reserve initiated economic downturn. It's going to be painful, but it won't necessarily last too long. I wonder if the Fed will be decent enough to reverse their rate increases, or if they'll keep them where they are in a not-very-subtle attempt to undermine the President...




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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decomposed - can you add anything to this? Massive dollar run?
By: kathy_s16 in POPE 5
Sun, 10 Mar 19 3:50 AM 		Msg. 27509 of 62138

I'd like you to chime in, if you so choose.

thx

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