Then Nixon said, “No more exchanging stupid paper dollars for real gold!” The reason Nixon was forced to act like a lying, thieving little creep is partly because he WAS a lying, thieving little creep, but mostly because he mirrored America perfectly since Congress allowed it…
August 4th, 2009 | Mogambo Guru | 5 comments | ContinuedAll Posts Tagged With: "dollar"
We Don’t Gamble on Stocks in a Depression
Sticking with the basics, what we notice is that stocks, bonds and commodities move in broad patterns that last for many years. Not to put too fine a point on it, but they go up and then they go down. Or vice versa. Just looking at the last 50 years, stocks were very expensive in 1966.
August 4th, 2009 | Bill Bonner | 0 comments | Continued
Dollar Declines as Gold Rises
The reason for the dollar’s decline and gold’s rise was given in the front-page headline of today’s Financial Times. China launched a “new dig” at the dollar, it says. As near as we could tell, China merely stated the obvious…
July 13th, 2009 | Bill Bonner | 3 comments | Continued
Geithner’s Trip to China Was, At Best, a Draw
His goal was to bluff and bamboozle the world’s investors – notably China – into believing that the US had its finances under control. Once we’re out of this mess, he told China’s top man, we’re going straight.
June 5th, 2009 | Bill Bonner | 0 comments | Continued
Trends Make Investors Less Afraid of Risk
But on March 9, 2009, came a lull. Reluctantly, investors came out of their storm shelters. The skies lightened…the sun shined. Oil has gone up 53% since then. Stocks worldwide are up about 30%.
And now…people say “the worst is behind us.”
June 4th, 2009 | Bill Bonner | 4 comments | Continued
Investors Now Treating Bad News for the Dollar as Bad News
After last week’s thumping at the hand of all its major counterparts, the dollar is looking to me like Charles Atlas’ 98-pound weakling from the old comic book ads. Sand is getting kicked in its face from every bully on the beach.
May 29th, 2009 | Bill Jenkins | 8 comments | Continued
Dollar’s Demise Has Started a Chain Reaction in Currency and Commodity Markets
The Aussie dollar, for example, tacked on 4.5% against the greenback last week. The Aussie is now at a seven-month high against the USD. You could be tempted to say the “carry trade” is back on. That’s where investors borrow in Yen or U.S. dollars to buy higher yielding currencies like the Australian and New Zealand dollars. But we don’t think that’s the case. Why?
May 25th, 2009 | Dan Denning | 0 comments | Continued
Gold Headed Higher and the New Bubble in the US Treasury Market
It looks to us as though gold is headed to $1,000 again…maybe higher. This is not what we expected… Not yet anyway.
What we still expect is a broad, long rally in stock prices. We think the Dow might go back to 10,000 before it is over. This is the rebound we were waiting for.
The Greenback Dollar Decline
“We may now be entering the Asian century, dominated by a rising China and its currency,” Roubini contends. “This decline of the dollar might take more than a decade, but it could happen even sooner if we do not get our financial house in order.
May 21st, 2009 | Bill Bonner | 7 comments | Continued
The War On Capitalism Continues
Will the government’s War on Capitalism turn out better than their War on Terrorism? Or their War on Drugs? Or their War on Poverty?
May 8th, 2009 | Bill Bonner | 1 comment | Continued
