http://www.ritholtz.com/blog/2009/11/bernanke-and-the-us-a-first-date/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 20:08:08 +0000 hourly 1 http://wordpress.org/?v=3.0.5 http://www.ritholtz.com/blog/2009/11/bernanke-and-the-us-a-first-date/comment-page-1/#comment-234980 Pat G. Mon, 16 Nov 2009 23:19:32 +0000 http://www.ritholtz.com/blog/2009/11/bernanke-and-the-us-a-first-date/#comment-234980 The U.S. jawbones about our currency and leaves the rest of the world responsible for intervening to keep it from falling further, faster. Not only does our economy go on due to the kindness of strangers buying our debt, they also prop up the USD. How long can we realistically continue to count on both? The U.S. jawbones about our currency and leaves the rest of the world responsible for intervening to keep it from falling further, faster. Not only does our economy go on due to the kindness of strangers buying our debt, they also prop up the USD. How long can we realistically continue to count on both?

]]> http://www.ritholtz.com/blog/2009/11/bernanke-and-the-us-a-first-date/comment-page-1/#comment-234857 insaneclownposse Mon, 16 Nov 2009 18:15:27 +0000 http://www.ritholtz.com/blog/2009/11/bernanke-and-the-us-a-first-date/#comment-234857 Fed and Treasury have been trying to rally the dollar for weeks now by jawboning and it hasn't done much. It also seems like they made a coordinated effort to squeeze dollar shorts in late October. I don't see why the dollar's slide will stop today simply because Bernie echoed previous statements. I don't know much about the forex markets, but I would expect a precipitous swoon in the dollar before any decent rally begins. DXY has been grinding lower for months now, but nothing disorderly. I'm looking for some serious volatility before the dollar really bounces. These weak jawboning attempts are only delaying the inevitable nosedive in my opinion. Fed and Treasury have been trying to rally the dollar for weeks now by jawboning and it hasn’t done much. It also seems like they made a coordinated effort to squeeze dollar shorts in late October. I don’t see why the dollar’s slide will stop today simply because Bernie echoed previous statements.
I don’t know much about the forex markets, but I would expect a precipitous swoon in the dollar before any decent rally begins. DXY has been grinding lower for months now, but nothing disorderly. I’m looking for some serious volatility before the dollar really bounces. These weak jawboning attempts are only delaying the inevitable nosedive in my opinion.

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