A strong dollar kills exports because it makes American products more costly. Of course, all we're really exporting is inflation, debt, war materials, death, destruction and maybe some other dribs and drabs.
I get giddy every time it heads toward that low-ball limit order that I've placed, but alas it has yet to fill.
It should be obvious to all but the Keynesians (and maybe a few of those as well) that they are screwed. . . . .
But the truth of the matter is it could all change abruptly as soon as tomorrow. It really is only a matter of time and with geopolitics being what they are and the dollar being undermined from offshore by the big three in the SCO, the odds stack up in favor of those holding PMs.
Smoke 'em if you've got 'em.
Man, it must smell really bad where your head is stuck. There is no recovery. The government cooks the books and makes up "appropriate" economic proclamations. The statistics are #$%$.
With all that we know, I would be at sphincter factor 10 being short MJNA. That's so tight I could likely play a tune and maybe take requests.
Conversely, it presents an extraordinary opportunity to average down. That may be the thing that some will be kicking themselves for if they let the opportunity pass them by.
In the back of my mind I know that this is all smoke and mirrors.
To the right of the poster's name and the time frame for the post, hover your pointer and an icon that says flag pops up. Click the arrow and the choices come up.
This person really seems to be an oxygen thief. Does anyone else think his actions smack of altruism? I sure don't. Now how about self interest?
I'm going to ignore him. He's put up enough stuff.