Dollar lets give the baht a rest
Dollar lets give the baht a rest
The effects of the last fiasco and the possibility of another in the near futue
http://www.cnbc.com/id/101154331
http://www.cnbc.com/id/101154331
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
Dollar lets give the baht a rest
Dollar and the FED, maybe the tapering will start earlier and the dollar will gain strength.
http://www.cnbc.com/id/101182786
http://www.cnbc.com/id/101182786
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
Dollar lets give the baht a rest
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
Dollar lets give the baht a rest
So far Yellens position does not look good for the dollar
http://www.bangkokpost.com/breakingnews ... ds-advance
http://www.bangkokpost.com/breakingnews ... ds-advance
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
Dollar lets give the baht a rest
Interesting article about the dollar
Business > News BY INVITATION Supremacy of the us dollar down but not yet out Published: 25 Nov 2013 at 00.00 Newspaper section: Business Since 1976, the US dollar's role as an international...
Please credit and share this article with others using this link:http://www.bangkokpost.com/business/new ... ot-yet-out. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Post Publishing PCL. All rights reserved.
Business > News BY INVITATION Supremacy of the us dollar down but not yet out Published: 25 Nov 2013 at 00.00 Newspaper section: Business Since 1976, the US dollar's role as an international...
Please credit and share this article with others using this link:http://www.bangkokpost.com/business/new ... ot-yet-out. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Post Publishing PCL. All rights reserved.
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
Dollar lets give the baht a rest
While the Fed Talks Taper, China Prepares to Actually do it!
November 22, 2013
November 22, 2013
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Dollar lets give the baht a rest
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
Dollar lets give the baht a rest
Well they cut another ten billion a month. Maybe we will see 33 again with this.
http://www.bangkokpost.com/breakingnews ... ulus-again
http://www.bangkokpost.com/breakingnews ... ulus-again
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
Dollar lets give the baht a rest
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
Dollar lets give the baht a rest
Dollar biggest gain since last May. It has bounce on and of 33 against the baht
http://www.bloomberg.com/news/2014-02-0 ... -rout.html
http://www.bloomberg.com/news/2014-02-0 ... -rout.html
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
Dollar lets give the baht a rest
Turmoil = baht drop. Hang on to your wallet 'cause where the post-election turmoil takes things and when it is settled is anyone's guess!bumper wrote:Dollar biggest gain since last May. It has bounce on and of 33 against the baht
http://www.bloomberg.com/news/2014-02-0 ... -rout.html
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- Balthasar G.
- udonmap.com
- Posts: 223
- Joined: April 9, 2012, 11:25 am
Dollar lets give the baht a rest
I'm not so sure if it is the turmoil that is the catalyst of the fall of the baht against the dollar. I think it's the dollar that became stronger and not the bath that became weaker, because both the euro and sterling lost against the baht, in spite of the turmoil.
I hope I die in my sleep like my grand dad did, not screaming like his passengers
Dollar lets give the baht a rest
Sorry wrong thread
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
Dollar lets give the baht a rest
All things considered it has held much better then thought five years ago. I have to bring in a bit more this month, I;m waiting till we see what happens in the next round of elections, if we have one.
http://www.cnbc.com/id/101396524
http://www.cnbc.com/id/101396524
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
Dollar lets give the baht a rest
BOT doesn't for see any problems with the U.S. raising the debt ceiling
http://www.nationmultimedia.com/busines ... 26360.html
http://www.nationmultimedia.com/busines ... 26360.html
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
Dollar lets give the baht a rest
Well I'm not going to complain about the baht. That's not the problem dollar really headed South
Not sure I understand why, financial reports were not great. But, considering the weather problem not that bad. Stock market went up there and here.
Is it because they actually have a budget, that gives them the way to borrow more money?
Not sure I understand why, financial reports were not great. But, considering the weather problem not that bad. Stock market went up there and here.
Is it because they actually have a budget, that gives them the way to borrow more money?
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
- JimboPSM
- udonmap.com
- Posts: 3581
- Joined: July 4, 2005, 3:23 pm
- Location: Isle of Man / Bangkok / Udon Thani
Dollar lets give the baht a rest
I found the movement of the USD last week a little perverse and somewhat confusing - but that may be an age related thing
While some US economic data forecasts were missed, the testimony of Janet Yellen on Capitol Hill on continuing tapering should have more than outweighed those missed forecasts in being positive for the USD.
The fall of the USD was exacerbated regionally because at the same time there was a more than proportionate rise in a number of Asian developing country currencies, most especially that of Thailand - one has to wonder if there may have been some intervention
What would make some degree of sense to the US and Asian movements is if the markets believed that tapering were actually to be discontinued; however if that were to occur (which I doubt) it would seriously undermine the credibility of Janet Yellen as Chairman of the Fed and her future tenure there.
IMHO it is too early to tell whether the recent movement reflects a longer term shift in sentiment and direction for the USD, or whether it was just a temporary blip due to a combination of factors such as a reaction to the battering of bad weather in the US (which will make a minor impact on US GDP), some missed economic forecasts or maybe an overdue technical correction following a pretty long and broadly positive run.
The area that I believe to be most in need of a major correction in the US is the stock market – it has already ventured uncomfortably far into bubble territory
While some US economic data forecasts were missed, the testimony of Janet Yellen on Capitol Hill on continuing tapering should have more than outweighed those missed forecasts in being positive for the USD.
The fall of the USD was exacerbated regionally because at the same time there was a more than proportionate rise in a number of Asian developing country currencies, most especially that of Thailand - one has to wonder if there may have been some intervention
What would make some degree of sense to the US and Asian movements is if the markets believed that tapering were actually to be discontinued; however if that were to occur (which I doubt) it would seriously undermine the credibility of Janet Yellen as Chairman of the Fed and her future tenure there.
IMHO it is too early to tell whether the recent movement reflects a longer term shift in sentiment and direction for the USD, or whether it was just a temporary blip due to a combination of factors such as a reaction to the battering of bad weather in the US (which will make a minor impact on US GDP), some missed economic forecasts or maybe an overdue technical correction following a pretty long and broadly positive run.
The area that I believe to be most in need of a major correction in the US is the stock market – it has already ventured uncomfortably far into bubble territory
Ashamed to be English since 23rd June 2016 when England voted for racism & economic suicide.
Disgusted that the UK is “governed” by a squalid bunch of economically illiterate, self-serving, sleazy and corrupt neo-fascists.
Disgusted that the UK is “governed” by a squalid bunch of economically illiterate, self-serving, sleazy and corrupt neo-fascists.
Dollar lets give the baht a rest
After last year's stellar performance, I was expecting a 10+% correction.....thought we were in the midst of one the last few weeks. But there seem to be too many positives out there.......cheap and abundant energy....in contrast to Europe's expensive and diminishing supply (lack of fracking); positive action by the fed after 2008....Dodd/Frank, bank reform, spending versus austerity; continued albeit slow improvement in employment; consumer spending is up; etc; and most recently, signs that the tea party influence in protracted fights over the budget are ebbing. I guess you could add on top that Janet Yellen seems inclined to continue monetary policy as it has been under Bernanke. All seems to add up to more positives than negatives for the market.JimboPSM wrote:I The area that I believe to be most in need of a major correction in the US is the stock market – it has already ventured uncomfortably far into bubble territory
Of course, stock markets being what they are, we could wake up tomorrow to a major correction.....but barring bad economic news, I'd view it as an opportunity to invest....definitely not a time to sell.
Dollar lets give the baht a rest
Well happy to hear I wasn't the only one surprised. The one watch closest is the Canadanian dollar and it went up just like all the rest from 1.11 to the 1,09 range again. Asian currencies overall did well last week. So far the great Bangkok shut down has been pretty much a non event. Maybe Teflon Thailand does fit, just a bit of a jerk in the markets. That could be attributed to major hedge funds moving into the SET.
I believe this days it appears a the U.S. goes so does the SET.
Sure messed up my game plan
Gold sure messed up my game plan
Well ain't over to the fat lady sings she is not at the theater yet
I believe this days it appears a the U.S. goes so does the SET.
Sure messed up my game plan
Gold sure messed up my game plan
Well ain't over to the fat lady sings she is not at the theater yet
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it
- JimboPSM
- udonmap.com
- Posts: 3581
- Joined: July 4, 2005, 3:23 pm
- Location: Isle of Man / Bangkok / Udon Thani
Dollar lets give the baht a rest
These are updates to a couple of charts I produced some time ago.
For the DJ to be where it is at today would actually require a compound growth rate of 8.52% since 1988 – that is a rate that (apart from a chosen few like Microsoft, Apple & Cisco) is rather hard to see.
Theoretically it would actually take until 2030 (a mere 16 years away) to get to the current value with a rather more believable compound growth rate since 1988 of 5.0%.
Again, theoretically, if you actually go by the actual compound growth rate from 1928 to 1988, which was 3.44% it would take until 2049 (only a mere 35 years away) to get to the current value.
It is hard not to believe that, once again, we are experiencing a disturbing degree of irrational exuberance – in addition to creating inflation and overvalued Asian currencies, QE and the extended low interest regime from the Fed has fuelled a stock market bubble in the US which will take considerable skill (and a lot of luck) to deflate without exploding.
If there is an award for the greatest degree of unintended consequences, QE has to be a leading contender
- DJ from 1928 to 2014 DJ from 1928 with compound interest projections to 2049
For the DJ to be where it is at today would actually require a compound growth rate of 8.52% since 1988 – that is a rate that (apart from a chosen few like Microsoft, Apple & Cisco) is rather hard to see.
Theoretically it would actually take until 2030 (a mere 16 years away) to get to the current value with a rather more believable compound growth rate since 1988 of 5.0%.
Again, theoretically, if you actually go by the actual compound growth rate from 1928 to 1988, which was 3.44% it would take until 2049 (only a mere 35 years away) to get to the current value.
It is hard not to believe that, once again, we are experiencing a disturbing degree of irrational exuberance – in addition to creating inflation and overvalued Asian currencies, QE and the extended low interest regime from the Fed has fuelled a stock market bubble in the US which will take considerable skill (and a lot of luck) to deflate without exploding.
If there is an award for the greatest degree of unintended consequences, QE has to be a leading contender
Ashamed to be English since 23rd June 2016 when England voted for racism & economic suicide.
Disgusted that the UK is “governed” by a squalid bunch of economically illiterate, self-serving, sleazy and corrupt neo-fascists.
Disgusted that the UK is “governed” by a squalid bunch of economically illiterate, self-serving, sleazy and corrupt neo-fascists.