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seems like a smart enough guy...typical "trader"...doesn't care about the direction things are moving, as long as they are moving. traders hate a sideways, slug

seems like a smart enough guy...typical "trader"...doesn't care about the direction things are moving, as long as they are moving. traders hate a sideways, sluggish market...they need volatility. he must be happy these days. i disagree with his implied comments on the dollar. this is a dead currency as of friday. i expect the debt to hit twenty trillion by 2018. look at the wikipedia page for the french revolution. accumulation of vast excess debt destroyed the monarchy. no one thought things would/could end... they thought they could just abuse the currency forever and somehow things would magically turn around, even though everything they actually did just made things worse. sounds like america today i say the dollar will not last until 2025. no dollar...no USA. USA IS the dollar.

fallentimes 18y ago
Where should I move? Or maybe a better question - where will you be moving (if at all)?
hugh 18y ago
i disagree with his implied comments on the dollar. this is a dead currency as of friday The interview is from January, which in Hedge Fund Manager years is, like, three aeons ago. You'll notice that the dollar has been going up recently, and is in fact pretty much back to historical norm levels, so it seems the market does not share your pessimism.
- deleted 18y ago
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- trevelyan 18y ago
  On Friday there were a lot of short-sellers being told they had to buy NOW to cover their positions. That caused an immediate spike upwards in equity prices which will soon arrest and slide back down as people get out of Dodge. The dollar is held in place by Chinese Treasury purchases, and the flush of money out of various stock markets into what is considered a safer short-term asset. Currency inflation is a longer-term risk than market collapse.
- jrockway 18y ago
  the market does not share your pessimism The market is pretty good at ignoring things that it doesn't want to see. Regardless, I'm not too worried. Every time there is a recession, the media tries to make it look like the sky is falling. Remember the Savings & Loan "crisis" that was going to ruin the economy for decades? Yeah, turns out that it didn't happen. Even if the dollar is weak, there is still a lot going on in the US. The world can't really write the US off, and the US isn't going to be a "loss leader" like China... so eventually the economy will recover.

fallentimes 18y ago

Where should I move? Or maybe a better question - where will you be moving (if at all)?

hugh 18y ago

i disagree with his implied comments on the dollar. this is a dead currency as of friday The interview is from January, which in Hedge Fund Manager years is, like, three aeons ago. You'll notice that the dollar has been going up recently, and is in fact pretty much back to historical norm levels, so it seems the market does not share your pessimism.

deleted 18y ago
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trevelyan 18y ago
On Friday there were a lot of short-sellers being told they had to buy NOW to cover their positions. That caused an immediate spike upwards in equity prices which will soon arrest and slide back down as people get out of Dodge. The dollar is held in place by Chinese Treasury purchases, and the flush of money out of various stock markets into what is considered a safer short-term asset. Currency inflation is a longer-term risk than market collapse.
jrockway 18y ago
the market does not share your pessimism The market is pretty good at ignoring things that it doesn't want to see. Regardless, I'm not too worried. Every time there is a recession, the media tries to make it look like the sky is falling. Remember the Savings & Loan "crisis" that was going to ruin the economy for decades? Yeah, turns out that it didn't happen. Even if the dollar is weak, there is still a lot going on in the US. The world can't really write the US off, and the US isn't going to be a "loss leader" like China... so eventually the economy will recover.