For the Fibonacci followers out there, the DXY (US$ index) at the
current level of 78.38 (down sharply again) has retraced 61.8% of its
rally off the record low of April ’08. The implications the $ weakness
has for inflation and interest rates and thus for the cost of financing
massive deficits at the government level, of refinancing
corporate/consumer America and influencing the cost of living for the
average person is why policy makers must keep watch in the message it
sends to them.

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Category: MacroNotes

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “$ index”

  1. leftback says:

    A Fib number is as good a reason as any to start a $ rally. Almost nobody is expecting one….

  2. ben22 says:

    long uup

  3. Andy T says:

    Everyone should be a fibbonacci follower…doesn’t mean you need to act on it….but you certainly don’t want to be the guy selling into the 61.8% of a major move….best to watch it give way first….bounces from key fibbo #s can be somewhat vicious.

  4. leftback says:

    “.bounces from key fibbo #s can be somewhat vicious.”

    Nailed it. Perhaps this is the turn.