CNBC-: Dollar is "Absolutely Doomed"

Discussion in 'Wall St. News' started by talknet, Jan 20, 2009.

  1. talknet


    CNBC-: Dollar is "Absolutely Doomed"

    With promises of more U.S. government intervention, we are going to be in a situation of hyperinflation and a dollar that is absolutely doomed, warns Kirby Daley, senior strategist at the Newedge Group. Daley & Dodge Dorland, CIO at Landor Capital Management
  2. USD against what? GBP? EUR? :cool:
  3. lrm21


  4. Perhaps he should read up on M1 velocity.
  5. tradersboredom

    tradersboredom Guest

    US dollar isn't doomed, it's just overvalued versus other currencies.

    but all currencies fiat money is doomed for inflation as history shows.

    it's like whose paper is worth more.

  6. Cutten


    That's so 2007
  7. m22au


    Paper currencies are just a big ugly contest.

    In a race between USD, GBP and EUR:

    At this stage, GBP looks like the "winner", because the govt is doing the most to encourage / force the banks to lend.

    USD is probably next, because Fed Funds are at zero, and QE is in place.

    EUR is probably the least ugly; interest rates are above zero, and some member countries have economies that are doing better than the US and the UK.

    Meanwhile, gold is a currency that is no one's liability.
  8. tradersboredom

    tradersboredom Guest

    in the long run inflation is a given.

    FED and economic ministers need to increase money supply to equal GDP or assets.

    you can't have an economy with more assets than money supply.

  9. tradersboredom

    tradersboredom Guest

    gold is not a currency but an asset like real estate or any asset or goods and services in the economy.

    the more gold there is the more money needed.

  10. gnome


    Do they EVER learn? That's how we got this mess started... Gummint forcing banks to lend to non-qualified borrowers, especially minorities.
    #10     Jan 20, 2009