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  • Biden Aides Tell Congress Allies Aid Plan May Be About $2T - CNN

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wow...strong usd
USD should be getting destroyed, this is just a bear trap; GBPUSD 1.40 by the end of next week
SELL OFF USD !!
Quoting BaliBoyz80
wow...strong usd
How do you figure that? The more they print, the weaker the dollar gets. It's like putting a band aide on a deep wound. It won't turn out well.

If they want to do something that will really help, then they should cancel all credit card debt and student debt. Give people a fresh start. That would make a huge difference. But I doubt they will do that.
so, stimulus = 100% print money ??
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currency simply hates stimulus
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Gold up
wait for powell conversation soon
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Strong USD untill 20th January
To the people saying stimulus equals print money. Not always. Mostly probably.

Biden has pledged to hike taxes on the higher classes. We’ll see what happens but it’s out there as a strong possibility. If you write a blank check deficit spending with no plan, then yea weaker dollar. But if taxes are at least kinda sorta a little planned to pay for up down the road. Then it’s not a pure “print” as some put it.

Also, FISCAL stimulus takes the pressure of the fed. That’s the bigger point I believe. So without this $2trillion, the fed would have to up its bond purchases or some sort of tools that basically is to weaken the buck. Well, now it’s less so.

Plus stronger US economy gives permanent capital flows into USD, or “more” permanent. Instead of buying USD as a flight to safety, and then jumping ship when risk appetite improves...you can ride the rising tide of the us economy longer. Stocks. Or real estate. Etc. and you need USD to play in the US game.

And I won’t get into the effect on treasuries/yields.
Quoting Adam-274
USD should be getting destroyed, this is just a bear trap; GBPUSD 1.40 by the end of next week
To reach 1.40 it needs to get to 1.33 area first. imho
Great add another $2 trill to the $27 trill, print more funny money everything is Great. Ummmmmmm.
Quoting RideTheWave
To the people saying stimulus equals print money. Not always. Mostly probably. Biden has pledged to hike taxes on the higher classes. We’ll see what happens but it’s out there as a strong possibility. If you write a blank check deficit spending with no plan, then yea weaker dollar. But if taxes are at least kinda sorta a little planned to pay for up down the road. Then it’s not a pure “print” as some put it. Also, FISCAL stimulus takes the pressure of the fed. That’s the bigger point I believe. So without this $2trillion, the fed would have to up...
Yeah. The interplay between monetary and fiscal tools has a symbiotic relationship, and within each there are combinations. Accountants (modern monetary theorists)/media/commentators focus on the immediate/short term effects.

I'm glad you left the effect on (real) yields and the yield curve for another time - so many feedback loops and long term and unknowable effects its crazy and handwaving territory. A good understanding of microeconomics helps to explain what the implications are of using macro tools as if they are a sledgehammer.
As I wrote in November. USD is doomed.
Quoting Adam-274
USD should be getting destroyed, this is just a bear trap; GBPUSD 1.40 by the end of next week
I agree, so many juicy buy stops around 1.37 ready to be taken
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Im assuming itd be safe to say that we could go for a long short trade on gold
How usd can be strong if US prints shit loads of money?With every stimulus usd should be weaker!Lets wait for Powell speech later today.
The situation in Europe is not better than US that's why USD will be strong don't forget a big correction in bitcoins and stocks will happen also I think only currencies like CAD NOK SEK AUD NZD will be the best performing this year so sell EUR crosses
euro...dollars..all will dissapired this year.GESARA GREAT RESET IS HERE.
new USDN goldbacked is ready..
It’s so interesting and sad that how history repeats itself and why majority of FX retails are losers. The exact same stuff were told during and after GFC, 2008-2012. Go look how it played out. USD is king, especially now. As I said before, by end of this quarter EURUSD will be around 1.1 and AU around 0.65
Quoting umbrella man
It’s so interesting and sad that how history repeats itself and why majority of FX retails are losers. The exact same stuff were told during and after GFC, 2008-2012. Go look how it played out. USD is king, especially now. As I said before, by end of this quarter EURUSD will be around 1.1 and AU around 0.65
pure 100% speculation.
nobody knows that!
  • Post #24
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  • Edited at 5:38am Jan 14, 2021 5:21am | Edited at 5:38am
Quoting althar
As I wrote in November. USD is doomed.
Let me explain my quote.

USA is hopelessly divided after a year of riots and dubious elections. To quell this division, Wall Street bankers, who now effectively and fully control the USA, will endlessly pour new money, both through the Fed and through the administration, to the people and businesses. Unlike other nations, USA can afford this for quite a while since the cost (of diluting currency) is mostly borne by other, especially EM, nations.

USD will fall fast and freely until G7 (or G-something) will convene and set down new "Plaza" accord to stop the fall. It will happen when USD exchange rate will become a problem to the world trade, which still more or less depends on USD (or rather, the so called eurodollar).

When will this happen? IDK. I assume somewhere north of 1.55.
USD is weakening. Just sell off for the moment!
In today's term, stimulus means good for currency. Dman manipulation!
What's a few hundred billion more between friends?
Quoting here2there
{quote} How do you figure that? The more they print, the weaker the dollar gets. It's like putting a band aide on a deep wound. It won't turn out well. If they want to do something that will really help, then they should cancel all credit card debt and student debt. Give people a fresh start. That would make a huge difference. But I doubt they will do that.
There is no such thing as cancelling debt, what it means is creditors take losses. Creditors don't take losses they will just pass them on somewhere else
Quoting iefx
In today's term, stimulus means good for currency. Dman manipulation!
WTF?

Stimulus to US economy = stock market increases and USD falls.
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Theres going to be a massive rebalancing in positions soon... dollar is going up. All metrics point in that direction. Retail will give liquidity as institution buys the piss out of dollars to rebalance their positions.
Quoting fxsport
{quote} WTF? Stimulus to US economy = stock market increases and USD falls.
Read in sarcasm way. Don't be a ruler

EU suddenly fall, that's why i said it's dman manipulation
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Dollar is poised to explode long.
Quoting harcos
{quote} There is no such thing as cancelling debt, what it means is creditors take losses. Creditors don't take losses they will just pass them on somewhere else
Well, what I meant is that if they are going to print more money, then they should use it to pay of the debts U.S. citizens have towards credit cards and student loans. Thus, the debt would be forgiven. But not without a catch. If a person's credit card debt is paid off by the government, then all but one of his or her credit card accounts must be closed, and the one that is left open should have a credit limit of no more than $1000.00. This person can eventually apply for more credit, but there should be a waiting period no less than 5 years before being able to do so. Having credit card debt paid off in this way should be optional, of course, as not everyone has a problem with credit card debt.
Quoting here2there
{quote} Well, what I meant is that if they are going to print more money, then they should use it to pay of the debts U.S. citizens have towards credit cards and student loans. Thus, the debt would be forgiven. But not without a catch. If a person's credit card debt is paid off by the government, then all but one of his or her credit card accounts must be closed, and the one that is left open should have a credit limit of no more than $1000.00. This person can eventually apply for more credit, but there should be a waiting period no less than 5...
While I don't agree on the credit card debt I believe that the student loan aspect and the credit card debt deserves to be debated and discussed by the US congress. You have great points and while I have paid off my $200,000 in student loans (in the late 1990's) I understand the crushing load it has saddled many young people with.

Personally I would much rather have the USA congress "forgive" or "pay off" student loan before sending a single penny overseas, sorry but in the last "stimulus bill" there was over $200,000 for "educational programs" in other countries - I can't condone that with our country shut down and people needing help.

I only wish that the congress would discuss these topics instead of wasting taxpayer $ and time on bogus impeachment hearing.
Quoting iefx
{quote} Read in sarcasm way. Don't be a ruler EU suddenly fall, that's why i said it's dman manipulation
Sorry I didn't interpret that as sarcasm - my bad
Not-KPMG yawns



I hold Bitcoin
Quoting here2there
{quote} Well, what I meant is that if they are going to print more money, then they should use it to pay of the debts U.S. citizens have towards credit cards and student loans. Thus, the debt would be forgiven. But not without a catch. If a person's credit card debt is paid off by the government, then all but one of his or her credit card accounts must be closed, and the one that is left open should have a credit limit of no more than $1000.00. This person can eventually apply for more credit, but there should be a waiting period no less than 5...
No offence but that is a silly idea. People already don't take enough responsibility for their actions, paying their debt down and holding their hand while they build credit will not help anyone. As for student loans it would make more sense to just subsidize the education system so it isn't so expensive to get a degree.
Quoting harcos
{quote} No offence but that is a silly idea. People already don't take enough responsibility for their actions, paying their debt down and holding their hand while they build credit will not help anyone. As for student loans it would make more sense to just subsidize the education system so it isn't so expensive to get a degree.
A lot of people have credit card debt as a result of falling on hard times and not being able to afford essential things. Try not to be so biased. For instance, the COVID 19 lockdowns have devastated many people financially.
Quoting here2there
{quote} A lot of people have credit card debt as a result of falling on hard times and not being able to afford essential things. Try not to be so biased. For instance, the COVID 19 lockdowns have devastated many people financially.
I understand and can appreciate that but that is one side of the coin, we had a gravy train for the last 10-12 years so how is it fair to those who put aside for a rainy day and those who live paycheck to paycheck because they need all the toys to keep up with the Jones. Now one family has burned up a large portion of their savings and the other family racked up credit card debt and if the government paid their debt they would be rewarded for not being responsible and saving up for hard times. Yes for sure help those in need but be careful that you aren't just pandering to those in want. Big difference between need and want.
Quoting umbrella man
It’s so interesting and sad that how history repeats itself and why majority of FX retails are losers. The exact same stuff were told during and after GFC, 2008-2012. Go look how it played out. USD is king, especially now. As I said before, by end of this quarter EURUSD will be around 1.1 and AU around 0.65
Excellent post.

I’m literally screaming at so many similarities between then and now. Especially opinion news and just plain ridiculous headlines
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