Ben Bernanke needs a lesson - sell the US Dollar

Discussion in 'Wall St. News' started by ASusilovic, Apr 27, 2011.

  1. Tsing Tao

    Tsing Tao

    you're a bit late to that party.
     
    #11     Apr 28, 2011
  2. Bernanke is not a trader. But he will be glad to see stupid reactions like the one you proposing that make his job of debasing the dollar easier.

    Economically speaking, the longer-term losses from a falling dollar and associated price increases are order of magnitude smaller than the impact of increasing unemployment and a rising default rate on home loans due to the rate rise.

    This is how Bernanke sees it. I do not agree. But proposing massive sell off of US assets as a reaction to falling dollar is something that is totally stupid and you should retract it as impulsive reaction to what we all agree is a wrong policy.
     
    #12     Apr 28, 2011
  3. Good signal. Time to sell it. It reminds me back in 1995 or so when a barber told me that he was going to exchange everyting to SF. I went home and I call my broker and sold SF futures. It started dropping next day like nothing I have seen before. I made 18K in a couple of weeks.
     
    #13     Apr 28, 2011