AuthorTopic: Wolf Richter on the Dollar  (Read 862 times)

Offline Eddie

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Wolf Richter on the Dollar
« on: June 10, 2016, 12:31:18 PM »
This analysis is more congruent with my thinking on the strength, or lack thereof, of the USD. I've been making this same argument for quite a while. It's still the best of the toilet paper, like Charmin.



http://wolfstreet.com/2016/06/10/dollar-hegemony-meets-nirp-death-of-dollar-euro-yen-payments-reserve-currencies/
What makes the desert beautiful is that somewhere it hides a well.

Offline Palloy

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Re: Wolf Richter on the Dollar
« Reply #1 on: June 15, 2016, 10:17:54 PM »
That Thomas Malthus commentator is right.  As well as patiently and politely rebuffing every point thrown at him, he sums up with:
Quote
"I can imagine that most of the people on this blog will still not understand what has hit them when the system implodes…. you’ll continue to blame the central bankers to your last breathe.

Or maybe… just maybe…. you will open your eyes and say – damn that Thomas Malthus guy was right all along…. how could I have been so blind.

Not to worry – even if you grasp what to me is obvious — there is no action you can take to hedge. There is no way out of this situation."

I wish I could tolerate fools that gladly.
The State is a body of armed men

 

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