Jump to content
House Price Crash Forum

Anyone Know What's Happening To The Dollar?


AvidFan
 Share

Recommended Posts

Ah very clever. Morgan Stanley releasing rumours of a US QE2 sends the dollar to a 15 year low against the yen. Japanese central bank intervention sends the dollar rocketing back up again. Anyone who knew what was going to happen makes a fortune. Still a bit more to go in this rally I think, I am still looking for GBPJPY to get to 137 or 140 this month.

Anyway, it now looks like the central banks of all of the major currencies are trying to devalue. That could get very interesting.

Of course central banks want to devalue it's in the text books this is how you increase exports, it's there in black and white. Problem is of course what's not in the text books is what happens when everyone is in the same boat and attempts to do the same thing?

I doubt this will be the death of fiat as such, new currencies will be issued to "fix" the problem.

Link to comment
Share on other sites

Stocks, Treasuries, Gold Gain on Fed Bond-Purchase Speculation

By Michael P. Regan and Rita Nazareth

Sept. 14 (Bloomberg) -- Stocks rose for a fifth day, the longest streak for the Standard & Poor’s 500 Index since July, while gold surged to a record and Treasuries gained on speculation the Federal Reserve will purchase as much as $1 trillion in bonds to bolster the economy.

The Zimbabwe stock market went up sharply when Mugabe heated up the printing presses as well , same deal here but a much bigger fish.

Edited by Ruffneck
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.