Last time QE2 was announced the dollar crashed and then rallied hard. Maybe the same thing will happen again.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=218121&perpage=30&pagenumber=3 Made just BEFORE it went to 1.4882, of course a few minutes later you deleted your post. LOL Looks like you need a new "model". Maybe you should tweak those MACD settings a bit.
OMFG, the collective insanity of you dual mandate idiots is driving us into the abyss. Unemployment will remain QUITE HIGH FOR YEARS AND YEARS!!! The only reason why unemployment was mitigated following the tech crash in 2000-01 was because we had a very strong dollar to debase and create another asset bubble, namely residential and commercial housing. You realize how many "temporary" jobs were created by the mother of all housing bubbles don't you? The current bubble is in government debt. Hence, we have an entire public sector that has been growing rapidly over, at least, the past decade. The BIG PROBLEM is that the public sector feeds off of the private sector. Hence, for every uptick in public sector employment it either has to be funded by an increase in private sector taxes OR as we have seen in further monetization of debt and dollar debasement. If you can figure out where we are going to grow this economy and increase employment, I'm all ears. But to be perfectly honest, the give and take of creating massive inflationary pressure while simultaneously arguing that this will create jobs is about as backwards assed as it gets.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=218121&perpage=30&pagenumber=6 The ET community is duly impressed I'm sure.
Despite all the intervention and protracted distribution, the top is in for many markets according to my analysis. Regular blog readers will be familiar with the summary below originally posted Feb 16, 2011. Some started their move last week: copper, crude,euro, precious metals. When DOW/S&P500 correction gathers momentum, I expect: UP ~ USD, various USDXXX currencies, VIX Index DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL. http://stockmarket618.wordpress.com
Hmm. You've hit on the heart of the matter and it is rather depressing to realize that our productivity is just too low to support our standard of living. We have spent resources unwisely, and turned a blind eye to slow erosion of the middle class. We took baby steps, and some a little larger, in the wrong direction because someone or something convinced us it was the right thing to do, and the damage done was, at first, almost imperceptible. Now, after all these steps in the wrong direction, we have suddenly woken up to find that we are in a mess. We are in the very early stages of figuring out what went wrong, and we haven't got that right yet; so far we've mostly been pointing at strawmen, e.g. entitlements or Obama care. Eventually we will be forced to acknowledge the real mistakes; the cannibalizing of the private sector; the unproductive spending in the public sector. (Or as Denner astutely points out, we must acknowledge that the public sector feeds off of the private sector.) If we fail to learn from our mistakes and take meaningful corrective action, then the alternative is a slow slide to the low end of mediocrity and continued drift toward a police State. In the meantime, while we are waiting for corrective action that will improve our national productivity, the standard of living among the middle class will go down. Your children will not be as well-off as you are.
For that to have the most beneficial effect on the unemployment rate you have to send them to war with inferior equipment.