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Yen Draws Safe Haven Share
Yen strength is here to stay especially as the US dollar's safe-haven lustre is eroded by the worsening US data.
Good luck with your profit Dollars (from Selling Gold)
You going to eat your shirt few years later.
We all know that money not actually printed, but instead Balance sheet just get expanded,
but this doesn't change the fact: Electronically printed/naturally printed, whatever.
Debt growing faster than GDP, tell me about deflation when you last time check your bills?
Property taxes? Health Insurance? Services? Food? It's maybe deflation on Capital hill, but
in reality is unemployment and consumer Inflation, at least 5-7%. And Food Cost inflation
probably anywhere near 10-15 at least.
Dollar already has its 7 month run.. And that was actually bear market rally.
It's over.. Check Weekly for USDx.. And yes, Dollar going to be devaluated 15-20%
When you have 60+ trillion black hole (internal + external DEBT) there is no other option.
0% interest rate for years to come, and low Dollar.
Why should the FED devalue the USD? What about their energy? It will be more expensive. What about their imports? It makes a greater portion of the economy and more businesses will go bankrupt, hence more jobless claims and....
And the rates are already at the bottom, how much room is there for the FED to manouver? The damage was done a few years ago and it is impossible to get out of this mess. Every day in the US there is more lay offs, more foreclosures, more bank defaults, less consumer spending, these are all signs of deflation to me. Inflation requires growth, more lending, less jobless claims..... For those who still think there is a chance of inflation I don't agree, just look at the facts and you will see that we are heading towards deflation. And also think of printing money. How does that happen and how does the printed money gets into your pocket? It is the electronic money that makes the big portion of the dollars. It gets into your account when you borrow money to buy a house, or when your company borrows money for their new project and many more cases. What happens when they default on their payments?
Gold ..... If you ask the guy at the bank counter they tell you to buy gold and that is the most abvious sign for me to sell my gold (which I did with over 30% gain). We may have already seen the top or are very near it.
Yes money has no way to go but into the stock market, into the pockets of the big guys, you can buy their shares and they will buy back their shares much cheaper when you get frustrated holding them. I am shorting this market and thinking of going long USD when the green light goes on.
Godly, FEDs have only 2 options to somewhat reduce US DEBT.
1) Grow out of Debt (As we all know, this one will not be available until at least 2012)
2) Inflate the Debt by debasing US currency.
USD will be devaluated to any currency by say 20% this way FEDs will
kill 2 rabbits at ones.
1) make US made goods cheaper boosting US Corp revenues possibly adding jobs..
2) lower relative US Debt value, at expense of US World-wide Treasuries holders.
Why you think US so angry at Chinese for keeping thier Yuan in ties with US Dollar?
Cause they want to devaluate the Dollar against Yuan as well, as Chinese the biggest
US Debt Holder..
You not going to see EUR at 1.15 or something like that.. This is an absurd..
USD broke down already and now going back to LOW 70 on the Index.
Watch and learn.
what you say untrue. When I look in the weekly chart, I got a sense very well it will go to 1.000.
Rest well seeyen will keep appreciating and 84 shall be broken.Nothing emotional but with sucha monster rally in mkts yen hasnt come abck to 100 also i will change my view if it can somehow ...say a miracle ...if yen can cross 96 odd it was shot down instantly in the flash crash.So time will tell