Feb 20 09.
The day we had the big Run Up...
What are we dealing with here?
Pundits running around like ants under a plough. {not us, we're Traders.}
I certainly do prefer to React to Price as opposed to Predicting it based on FA But...
It doesn't hurt to, at least, be aware of FA.
USD Factors.
New Pres. = Honeymoon. {now that he is talking Afganist... that may soon change. However...}
Living on Credit & Credit Extensions.
Manufacturing in the WC.
Job Losses @ Record Pace.
Foreclosures at Stunning levels.
And the List goes on...
USD Perspective from Any Foriegn Govt.
Largest Consumer on the Planet. {I need to sell my BMW's or ShamWow's or whatever TF it is I make.}
If I Pay for my Raw Materials in Foriegn & Sell it in USD, well, geez, I'm willing to support a Strong USD or My Company {Country} is Out of Business.
Conclusion:
Only a tantemount shift to Another Global Datum will see the demise of the USD. Who wants it? Nobody.
USD will be Supported by ALL {mostly} foriegn Govt's.
AND
During times like these, it is Imperative that it does not collapse. Even After Hugely Bearish FA.
Honestly; That's how I see it at the moment.
Forget New Highs or Lows, Those are about to be Reset.
Currency Controllers are curently agreeing on their place in the system.
Welcome to the Tumble Dryer.
P.S. I do expect some clarification requests on this post.
The day we had the big Run Up...
What are we dealing with here?
Pundits running around like ants under a plough. {not us, we're Traders.}
I certainly do prefer to React to Price as opposed to Predicting it based on FA But...
It doesn't hurt to, at least, be aware of FA.
USD Factors.
New Pres. = Honeymoon. {now that he is talking Afganist... that may soon change. However...}
Living on Credit & Credit Extensions.
Manufacturing in the WC.
Job Losses @ Record Pace.
Foreclosures at Stunning levels.
And the List goes on...
USD Perspective from Any Foriegn Govt.
Largest Consumer on the Planet. {I need to sell my BMW's or ShamWow's or whatever TF it is I make.}
If I Pay for my Raw Materials in Foriegn & Sell it in USD, well, geez, I'm willing to support a Strong USD or My Company {Country} is Out of Business.
Conclusion:
Only a tantemount shift to Another Global Datum will see the demise of the USD. Who wants it? Nobody.
USD will be Supported by ALL {mostly} foriegn Govt's.
AND
During times like these, it is Imperative that it does not collapse. Even After Hugely Bearish FA.
Honestly; That's how I see it at the moment.
Forget New Highs or Lows, Those are about to be Reset.
Currency Controllers are curently agreeing on their place in the system.
Welcome to the Tumble Dryer.
P.S. I do expect some clarification requests on this post.