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Answers I Really Wanna Know: The Dollar Continues to Slide?

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Wasn't this a matter of time since we cut rates and passed the buck?

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  • If I told you one year ago that crude would be near $100/brl and banks would be at multi-year lows (and in the midst a credit contagion), where would you have guessed the S&P would be?

  • And you're still that long?

  • Do you see the dollar slipping off a cliff this morning (DXY –1%) on the heels of comments from China that they may diversify their reverses?

  • Wasn't this a matter of time since we cut rates and passed the buck?

  • Does anyone else get the sense that we're close to a meaningful upside turn for the greenback that'll catch players leaning the wrong way?

  • Wait---you don't trade the dollar, so why would you care?

  • If we've learned anything over the last five years, hasn't the power of "asset class deflation vs. dollar devaluation" shown itself to be the Tour de Force?

  • How else can we explain the persistent, coincident bid to crude, metals, agricultural products and stocks as the greenback lost 37% in kind?

  • Along those lines, isn't Google (GOOG) and Apple (AAPL) and and Hong Kong and Commodities and Fetzer Valves all part of the very same trade?

  • And what about ball bearings? Isn't it all about ball bearings these days?

  • Does the General Motors (GM) write-down really shock you given its dependence on GMAC?

  • Does the recent upheaval at Citigroup (C) help or hurt the progress of the emergency super-conduit plan?

  • Do you think Hank Paulson pulls a Lattimer every morning to get himself psyched up for the game?

  • Do you see the spreads in the CMBX, an index that tracks derivatives linked to US commercial mortgages, are flashing a red light for the commercial property sector?

  • Is "Level III" accounting a part of the Minyan lexicon yet?

  • If not, will you please click here, here, here and here?

  • And, as long as we're on the subject, why not chew on some hot glass and read the statement summary for FASB Rule 157, which will begin addressing these issues on November 15th?


R.P.


Holiday Festivus is here! Come join us and support the Ruby Peck Foundation For Children's Education at an old-fashioned Southern-style hoe-down in the heart of New York City on December 7th. Click the image below to learn more!

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