Excellent addition to the discussion gents. Yes, it is
complicated. Yet, as a simple trader (and a novice student of
economics at best) all the explanations in the world do not
obfuscate (for me, anyway) the fact that the Fed runs the printing
press. Call it government spending if you like. It's a system in
which they can create all they need to spend. Let us hope the
dollar never loses its favor as the world currency!
The DXY is an illusion. The destruction of our USD purchasing
power has been steady and the decline accelerated over the last 4
years. Don't take my word for either fact - look it up on FRED.
The data is there for everyone to see - but you have to know
what you're looking for (search "purchasing power" once on the FRED
website).
Excellent addition to the discussion
Big first half winner VITL bottomed out at the beginning ...
Posted by brophy on 23rd of Sep 2024 at 05:09 pm
Excellent addition to the discussion gents. Yes, it is complicated. Yet, as a simple trader (and a novice student of economics at best) all the explanations in the world do not obfuscate (for me, anyway) the fact that the Fed runs the printing press. Call it government spending if you like. It's a system in which they can create all they need to spend. Let us hope the dollar never loses its favor as the world currency!
The DXY is an illusion.
Posted by bthefnd on 23rd of Sep 2024 at 05:22 pm
The DXY is an illusion. The destruction of our USD purchasing power has been steady and the decline accelerated over the last 4 years. Don't take my word for either fact - look it up on FRED. The data is there for everyone to see - but you have to know what you're looking for (search "purchasing power" once on the FRED website).
Here you go. Suggest holding
Posted by bthefnd on 23rd of Sep 2024 at 05:43 pm
Here you go. Suggest holding a ruler to the screen to examine the difference in slope over various time periods.