Short the DOLLAR with impunity, no risk trade

Discussion in 'Financial Futures' started by capmac, Dec 1, 2006.

  1. capmac

    capmac

    10:06 US Rate futures increase chance of Q1 Fed rate cut after ISM data hint manufacturing contraction - Reuters

    10:05 DOLLAR EXTENDS LOSSES AFTER WEAKER-THAN-EXPECTED ISM MANUFACTURING SURVEY - Reuters

    EURO HITS SESSION HIGHS VS DOLLAR ABOVE $1.33 AFTER ISM REPORT.

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    There is no chance in h#ll that the Fed will raise rates to defend the dollar, NO CHANCE. Econ numbers are getting worse by the day.

    Ben can jawbone all he wants, and in the end, he has absolutely no credibility. Currency traders know this. Foreigners are now taking notice that their US dollars are gettng worthless by the day. If the Foreigners have any brains, they should be DUMPING US DOLLARS by the boatload.

    If the dollar is defended by rate hikes, the US econ will go down the tubes and the stock market will probably crash, really (since no one is expecting a hike).

    The time of reckoning appears to be near. Foreigners are finally waking up to the fact that all the US can do is print money and hope sucker nations will keep buying so that your neighbor can sustain his McMansion lifestyle with 3 cars and a ton of debt.
     
  2. hypothetical. some US scientist announces he has perfected magnetic containment fusion reactor. US dependance on foreign oil can be reduced to phased out in the next 2-3 years. theres no such thing as 'no risk'
     
  3. it is bizarre how the usd/eur just keeps ratcheting up.....like the bid just wont dissapear

    who knows if this really spells impending doom...but it is shitty regardless we are in this position because of poor maneagement of our country...
     
  4. I agree BB will not rise rates
    But he just can't lower rates. It may crash dollar to 1.5 or lower and inflation will pick up nicely.
    They will just say where they are for a long, very long time.
    I guess it's time to sell bonds soon