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Or you can now use TapaTalk again!350Z's I fund thread NOV 07
- Thread starter 350zCommTech
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Robo5555
Member
Thanks for the update!
350zCommTech
Well-known member
Dollar is making a comeback.
Up 24 cents.
Frixxxx
Moderator
Yes, and it's raining here in the desert for only the second time this year. Not sure if that's a good sign or not, but I like it.
About 20 minutes left here to make the call to pick the penny up on Monday...
Raining here too, you in SoCal? Don't take the penny, go for the dollar$!
Wrongway... thats one way of looking at it. Wayne Angel (former fed)said on Kudlow and Co last night that he believes the Fed will cut fund rate by .50 points which would spark more business activity in the US making dollar assets stronger thus strengthening the dollar in the long run.
350zCommTech
Well-known member
No, investor pulling out would cause the dollar to fall more. Short covering would cause the dollar to rise, but doesn't usually happen until after the cut.
Or the dollar could be rising due to some kind of fear.
350zCommTech
Well-known member
That's pure BS. Kudlow is an idiot.
Rustynutt
Member
Raining here too, you in SoCal? Don't take the penny, go for the dollar$!
Yes, in the High Desert. NAWCWD.
Frixxxx
Moderator
350zCommTech
Well-known member
Did you see him last night? I heard he looked very scared...350 it was Wayne Angel that said it....Kudlow's shows pretty informative. If nothing else you get pretty interesting bull and bear debates. But Angel's point makes sense.... Lower fed rate means lower interest rates means more loaning & borrowing going....AMERICAN business getting loans investing in economy....stronger assetts....stronger dollar....dollar more attractive to foreign investors....AMERICAN entrepurialism at its best...In fact its like trickel down economics but instead of infusion of Ronald Reagon tax cuts to fuel growth in economy we get an infusion of lower interest rates to fuel growth in economy...thus stronger dollar....maybe thats why we see dollar buyers stepping in now cause markets are forward looking.....good grief this is fun.....
350zCommTech
Well-known member
Believe what you want, but the biggest problem right now is the credit markets and Ben is trying to help them by cutting rates. Why? Because that's all he can do. They can cut to ZERO and it would have no effect on the credit markets. The problem with the credit market is trust and at the moment, there are none. Don't just watch CNBC, go do your own research.
Example, take a look at the dollar index. Look at what has happened since the Feds started cutting in August. You'll see that the dollar has been on a down trend.
350zCommTech
Well-known member
Up 14 cents.- Status
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