This is true, what about of foreign creditors? what about commodities?
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Great day again
- Thread starter stock_trad3r
- Start date
This is true, what about of foreign creditors? what about commodities?
It seems they have one eye closed when watching inflation. It has been above their comfort level for years, now here comes oil again, one hurricane or any problems with Iran and the fed is having to play catch up, very risky indeed.
Quote from myminitrading:
It seems they have one eye closed when watching inflation. It has been above their comfort level for years, now here comes oil again, one hurricane or any problems with Iran and the fed is having to play catch up, very risky indeed.
one or two hurricanes in the gulf and oil goes to new highs.
Speaking of oil...... gooooo oil my long position @ 64.50 is hot today.
Makloda,That's OK.I agree with you on the most of it.But then who cares about the dollar?It's the world's major reserve currency and if the dollar will go into a big move down then I think it will create much more problems for US than all this housing,inflation,etc.Thanks.
Quote from makloda:
Fed doesn't care about US $. Not until it causes "imported" inflation. Which we are not seeing. Inflation pressure is coming from domestic wage increases. That's what is to watch.
Fed watches
1. Inflation
2. Economic growth and stability
Hikes when inflation is over their comfort level. Cuts when economic growth or stability are at stake.
THAT'S IT!!!! They don't give a rat's ass about the US $ as long as it doesn't impact the economic stability or causes inflation increase.
Which it won't unless we see a major, rapid "overnight" slide of the USD. A slow drift like we're seeing the last couple years doesn't doesn't cause any major economic disruptions because companies engaged in international trade (import, export etc.) can hedge gradually against the slide.
Quote from S2007S:
one or two hurricanes in the gulf and oil goes to new highs.
That kind of mindset causes contract traders to lose money.
Your not alone. There are thousands of traders wit the exact same strategy. The trader with the quickest finger gets out; the rest are left holding the bag when the price falls back.