Disliked{quote} 22! About the guy on video.He is making grotesque forecasting assuming US economy is flying sky high.News flash 8.8% are underemployed on top of 5.4% unemployment plus millions who stopped looking for work. Raise IR and kill off growth and create deflation.This formula is disastrous when you are the only currency dominating everything.Lets suppose yen is 170 and they are able to sell Toyota to US market at 30% less then US auto makers.In this context US car makers either will lower cost risk of stock depreciation or start cutting...Ignored
he started the game of raise the rate rumour...
he did it here in Canada and made cdn $ stronger...but really no rate hike
then switched to uk ....started same game...but still to rate hike
both still not doing well
now yellen good buddies with carney talked and said to each other and carney told yellen to play that ir hike game....should push your usd higher....
Wooooohooooo or Boooooohooooo