It's still sideways folks. The EUR/USD would have to break in a nasty way to the upside for me to begin to worry. It would have to start racing toward 1.3000 area which is a long ways away from me to say the US dollar is doomed. There is NO trend here folks on the monthly chart. Look for yourselves. Pull up the EUR/USD and look at it. It has been in this range for years. You need to see it break out of this long term range before you get into a panic. Cheers.
Like he is in charge of the dollar. Look to the central banks and such as Greg has mentioned many times. Elsewise many have a severe case of TDS and Trump has been in office a short while. Get a grip.
YES THAT IS EXACTLY RIGHT HE WAS ABSOLUTELY SELECTED TO DO THIS AND GREG CALLED IT MONTHS BEFORE IT HAPPENED AND MANY WERE BLIND TO THIS , BUT I WAS NOT BLIND AND KNEW IT WOULD TURN OUT LIKE THIS "TRAITOR" DESTROYING OUR COUNTRY " HE IS NOTHING MORE THEN A GLOBALIST PUPPET !!!
every threat of tariffs is sending more countries AWAY from the dollar. The weaponization of it is the PRINCIPAL cause of its decline. INSTEAD of being a MORAL and JUST leader of the world, this nation has chosen the OPPOSITE PATH.
Market has been ignoring terrible US trade data for decades but it seems like it finally is starting to care. Also other countries like Germany and Japan are seeing their bonds spike so they have to offload US treasuries and dollar to defend their own bonds/currency.
not much reason anymore to trust the dollar as a "safe haven" . clearly the indebtedness has the world spooked! why trust a broke outfit who very likely cant win a real fight? The old gray mare ain't what she used to be. the Houthis give us fits! how you going to beat a real army/navy/airforce? Get the Ukrainians to do it? What a shit show!
Pork_Roll, if you are that stressed, get out and watch the circus. It's a lot less stressful if you don't have a dog in the fight. You can always get back in if things start looking better.
Just my opinion, do what you think is best for you!
Mr. Market is coming home to roost and there will be pain. Quit your pissing and moaning and batten the hatches. The free lunch is ending just as it should. The only possibility of saving this country is going to involve a reckoning: thus the pain.p.s. Unless the fed goes we will go.
Just a real basic question: If you were a Country that traded with the US (and they all do to some extent) would you be more comfortable holding dollars or gold as your reserves?
The dollar will weaken now that the world is multi polar. Since February 22 of 2022 the US is decoupling from the rest of the world by placing sanctions on countries that we don't control. It is a boomerang effect. My guesses are best case scenario we go back to mid 80's about 5 years before the cold war ended. More realistically we go back to the 70's and worst case we plunge well beyond 1929 into a super depression fragmented seceded States - not a hot civil war but highly uncooperative Red and Blue regions. Take a look at the Ray Dalio and Tucker Carlson interview. https://youtu.be/0j1gcGD5DrA
It seems odd to me that dxy is dropping and at the same time the 10yr yield seems to be dropping due to a "flight to safety". That said I don't normally track that relationship and I may be an idiot as well.
If history is any barometer on the future I think gold/silver and barter are the safest bets right now. And get out of debt.
All we have is our time and labor.
It's still sideways folks. The EUR/USD would have to break in a nasty way to the upside for me to begin to worry. It would have to start racing toward 1.3000 area which is a long ways away from me to say the US dollar is doomed. There is NO trend here folks on the monthly chart. Look for yourselves. Pull up the EUR/USD and look at it. It has been in this range for years. You need to see it break out of this long term range before you get into a panic. Cheers.
Thank you! Can you email me, I have some questions. equisette@aol.com
Trish
Greg my take on this is that Trump is doing what he was selected to do, to give us the final punch.
Like he is in charge of the dollar. Look to the central banks and such as Greg has mentioned many times. Elsewise many have a severe case of TDS and Trump has been in office a short while. Get a grip.
YES THAT IS EXACTLY RIGHT HE WAS ABSOLUTELY SELECTED TO DO THIS AND GREG CALLED IT MONTHS BEFORE IT HAPPENED AND MANY WERE BLIND TO THIS , BUT I WAS NOT BLIND AND KNEW IT WOULD TURN OUT LIKE THIS "TRAITOR" DESTROYING OUR COUNTRY " HE IS NOTHING MORE THEN A GLOBALIST PUPPET !!!
The JabFather is the perfect anti-hero - fall guy... history's patsy.
every threat of tariffs is sending more countries AWAY from the dollar. The weaponization of it is the PRINCIPAL cause of its decline. INSTEAD of being a MORAL and JUST leader of the world, this nation has chosen the OPPOSITE PATH.
Market has been ignoring terrible US trade data for decades but it seems like it finally is starting to care. Also other countries like Germany and Japan are seeing their bonds spike so they have to offload US treasuries and dollar to defend their own bonds/currency.
the market is going to crash ----face the reality
not much reason anymore to trust the dollar as a "safe haven" . clearly the indebtedness has the world spooked! why trust a broke outfit who very likely cant win a real fight? The old gray mare ain't what she used to be. the Houthis give us fits! how you going to beat a real army/navy/airforce? Get the Ukrainians to do it? What a shit show!
Debt, inflation and mass firings in private sector equal weak dollar.
I can't think of anything else other than this looks very scripted.
With tariffs and the circus show that's going on in Washington, and has been for years, what else can explain it?
The new system is being ushered in before our eyes!
... shazam - shazam - shazam - and GOOOOOLLY!?
I always did like Jim!
Poor Gomer - what he ignored was more critical than what he should have known.
Buy precious metals while the dollar still has some purchasing power left.
Setting the stage to revalue gold!
My thoughts are I'm stressed out of my gourd over all this... wishing I had a crystal ball.
Pork_Roll, if you are that stressed, get out and watch the circus. It's a lot less stressful if you don't have a dog in the fight. You can always get back in if things start looking better.
Just my opinion, do what you think is best for you!
Mr. Market is coming home to roost and there will be pain. Quit your pissing and moaning and batten the hatches. The free lunch is ending just as it should. The only possibility of saving this country is going to involve a reckoning: thus the pain.p.s. Unless the fed goes we will go.
Just a real basic question: If you were a Country that traded with the US (and they all do to some extent) would you be more comfortable holding dollars or gold as your reserves?
And there is your answer
The dollar will weaken now that the world is multi polar. Since February 22 of 2022 the US is decoupling from the rest of the world by placing sanctions on countries that we don't control. It is a boomerang effect. My guesses are best case scenario we go back to mid 80's about 5 years before the cold war ended. More realistically we go back to the 70's and worst case we plunge well beyond 1929 into a super depression fragmented seceded States - not a hot civil war but highly uncooperative Red and Blue regions. Take a look at the Ray Dalio and Tucker Carlson interview. https://youtu.be/0j1gcGD5DrA
Blowback is a bitch.
It seems odd to me that dxy is dropping and at the same time the 10yr yield seems to be dropping due to a "flight to safety". That said I don't normally track that relationship and I may be an idiot as well.