The Mighty U.S. Dollar No Longer ?
In the U.S., the S&P 500 is now trading over 60% higher from the bottom reached in March. For we Canadians, this return looks more impressive than it really is: the
U.S. dollar fell 20% against the Canadian dollar in that time. Similarly, the U.S. currency is weak against the Yen- and the Euro. A massive U.S. dollar "carry trade" may be in the works, or maybe not.
It remains to be seen.
Rosenberg vs. CNBC No wonder CNBC's viewership was down over 50% in October . The CNBC anchorman appears brainwashed into believing that the market's rally is unquestionable and that the index will end the year higher.George Soros Lectures 1) China and US Dollar Currency Dynamics http://www.ft.com/cms/668e074a-bf24-11de-a696-00144feab49a.html?_i_referralObject=10928404&fromSearch=n 2) Interest Rate Level Expectations; Soros on Un-Retiring and Retiring http://www.ft.com/cms/668e074a-bf24-11de-a696-00144feab49a.html?_i_referralObject=10928576&fromSearch=n 3) Financial Reform and Regulation http://www.ft.com/cms/668e074a-bf24-11de-a696-00144feab49a.html?_i_referralObject=10929613&fromSearch=n
