Momentum Plays That Don’t Last
With a number of factors and a couple news events driving markets it can be dangerous to jump on some of these trends thinking it’s a sure thing. Chris Temple and I discuss the risks in today’s market of following some of the short term stories when it comes to investing your money. We also discuss how hurricane Harvey could impact the possibility of a government shutdown. It’s an interesting thought Chris has regarding that narrative.
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Did I really hear Mr. Temple say there is no fundamental reason for the collapse of the dollar?
How about pending collapse of the banking system?
Collapse of credit default swaps.
End of Empire.
Humongous debt problem.
Inability to raise interest rates.
Over-printing of currency.
I, personally, can’t see why the dollar will hold value, even compared to the rest of the rotten currencies in the world; like the Euro, the GBP, the RMB, the Yen, etc.
some people figure the dollar has already collapsed having lost 98% of its purchasing power since 1913.
another 1% might need the world using another currency altogether.
I hear there is no other currency ready to take the dollars place.
Its possible we see an internationally used crypto.
I wonder if determining the value of one currency will be easier or more of a challenge, maybe everyone gets to keep local currencies.
We only have to wait to find out.
Why wouldn’t it? It is the world reserve currency.
Everyone is expecting the USD to crumble much further – they may be right – but if it rallies now it is going to catch a hell of a lot of people off-side.
B, it’s going to fall a lot more than 1% (but I know what you meant). The buck is like the common stock of one poorly run and insolvent USA, Inc. It is going much lower in purchasing power even if it holds up relatively well when compared with other currencies.
Is The U.S. Government Insolvent? Sorry, But Its Accountant Can’t Tell You
another 1% drop of the remaining 2% would = a 50% loss from where we are now.
CFS, you need to get past the perma-bear propaganda and deal with the real world, IMO. . .
The banking system will collapse in the euro zone long before it does in the US.
Demographics, debt levels, debt-to-GDP are worse elsewhere as opposed to the U.S. in relative terms.
I can still remember (as I’ll be doing a webinar on shortly, which you are all invited to) when I started in this industry and was told that we were doomed when the national debt first hit $1 trillion and inflation/interest rates were double digits. Today we have $20 trillion+ (that is acknowledged) yet rates are way less.
And we’re all still here.
I’ve said before that the end of Empire can’t come soon enough for me. But you seem to think that the US is the only major power with these issues and it’s not. My comment today is that comparing the relative health/fundamentals of the major economies, there is no fundamental reason for this kind of selloff in the $ versus the others.
Pumping up the USD/JPY over and over to counter intuitively jack-up the markets and suppress gold. The blatant manipulation is sickening.
DITTO………..agree 100%
Treasury and Fed moving extra cash to Texas as many ATMs are not functional . AS in Katrina they will use cash dispensing vans [heavy guarded] to help people with immeadiate cash needs . Many will nedd to flee to northern Texas . OK, or Kansas to find hotel rooms or short term camps . cash dispersment will only be to those who can proof they have id and solid bank accounts. Pray for the gulf coast pepple . Scott
Bix Weir discusses banking problems:
https://www.youtube.com/watch?v=tsZNGkAtzLE