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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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