Wednesday, April 20, 2011

Sovereign Speculator: The dollar already crashed

The time to be shouting about a dollar crash was 2000, but the dollar-crash meme only got mainstream in late 2007. As you can see in this 10-year chart of the trade-weignted dollar index, the crash had by then already happened.

6 comments:

Stagflationary Mark said...

Frothy.

CP said...

Silver is a screaming short.

Check out this crazy research:
http://www.scribd.com/doc/52297403/BMO-New-Paradigm-for-Silver

To me, the most important thing are the cost curves which imply looots of silver at prices $10 lower than here.

Stagflationary Mark said...

CP,

For what it is worth, I have absolutely no interest in owning silver at these prices.

I even have "stagflationary" in my name too. Go figure.

The "dollar is worthless" arguments imply that silver is good at any price though, just like real estate was.

C. Fischer said...

You've been bearish since the mid 30's. It's at the mid 40's right now.

CP said...

Uh huh. I was bearish on real estate and banks "too early" also.

C. Fischer said...

Being early is sometimes as bad as being wrong. Are you actually short silver, or do you just like talking about it?