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October 21, 2009

thinking about the Dollar

I have been thinking about the sinking dollar lately.  Kudlow MR. Supply side has been saying the low dollar is the end of America economy and leadership worldwide.  Not sure.  I agree if people stop buying it and stop buying Tbills.  But that hasn’t happened yet.  I asked a friend of mine who runs a hedge fund about it and being a hedgie he answered like this

the question with the dollar is against what?

dollar v gold = short
dollar v ag = short
dollar v oil = short
dollar v AUS/CA = short
dollar v Yen = long
dollar v Euro = long
 
So if you are going to trade the trend versus another commodity, those are your trades.  That doesn’t help me, a guy with alot of dollars and all my expenses in the US decide if I should diversify or not. 

Posted by Martin at October 21, 2009 2:24 PM

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