Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: MDCigan Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19635  
Subject: Re: Japanese Yen - Naj? Date: 5/17/2013 6:16 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
ET,

Thks for the link. At least recently, Gundlach seems like the guy who has had the best read on the markets. That short Apple/long nat gas trade for 2012 was one heck of a b*llsy contrarian call.

Anyways, this was a good video as well

http://www.youtube.com/watch?v=G5vKgZf0eOY

"currency devaluation is the solution for an individual country"
"bigger share of the export pie"
"looking at competitive currency devaluations"

Seems to me..thinking out loud...is that the million dollar question is simply asking which country(ies) are likely to be most committed to devaluing their currencies as part of their economic strategy.

Regarding the USD, I'm wondering if the old quote "rumors of my death have been greatly exaggerated" apply.

The USD had a steady downtrend from 2001 to the 2008 low. Since then it has been trading inside a consolidating triangle (see my chart mark-up below). It is looking like it is on the cusp of breaking that to the upside.

http://scharts.co/18R10uI

I'm thinking maybe we are in for multi-year period of renewed dollar strength versus other currencies.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next

Announcements

2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Tax Strategies

TMFPMarti-Feeling Good
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement