Dollar is our currency but it's your problem!

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Subject Author Date Dollar is our currency but it's your problem! Alterama 09-23-2007  Re: Dollar is our currency but it's your problem! Frank.Meriwell 10-02-2007
Posted by Alterama on September 23, 2007, 5:29 pm By Alterama 09-23-07 If you want to remember something about Forex, it is what said John Connolly, Richard Nixon Tresor Secretary: "The Dollar is our currency but it is your problem" we remember at Alterama where we have about 60 years combined experience trading futures and currencies. Fearing that the US economy had to pay for its excess, the Fed acted bluntly by lowering interested rates by 50 basis point. By doing do the Fed is bailing out Wall Street and the Europe will pay the price.Indeed a weaker dollar will hurt growth in Europe. Lower interest rates will fuel the next bubble (at Alterama we think that it will be in commodities ans specially precious metals). Meanwhile European bank are not over with counting their losses on the subprime linked products that they bought from US brokers. In fact Alterama , through its connections in Europe think that European Institutions may end up losing more than US institutions from the subprime debacle. And this is not over because cut in interest rates always act with a delay and more rate cuts may be in the cars with more weakness for the US Dollar. Alterama is a CTA and CPO member of the NFA and registered with the CFTC. Alterama manages a Fund of Managed Accounts for Qualified Investors. Fore more information, visit Alterama's web site www.alterama.com Posted by on October 2, 2007, 7:16 pm > By Alterama 09-23-07 > > If you want to remember something about Forex, it is what said John > Connolly, Richard Nixon Tresor Secretary: "The Dollar is our currency > but it is your problem" we remember at Alterama where we have about 60 > years combined experience trading futures and currencies. > Fearing that the US economy had to pay for its excess, the Fed acted > bluntly by lowering interested rates by 50 basis point. By doing do > the Fed is bailing out Wall Street and the Europe will pay the > price.Indeed a weaker dollar will hurt growth in Europe. > Lower interest rates will fuel the nextbubble(at Alterama we think > that it will be in commodities ans specially precious metals). > Meanwhile European bank are not over with counting their losses on thesubprimelinked products that they bought from US brokers. In fact > Alterama , through its connections in Europe think that European > Institutions may end up losing more than US institutions from thesubprimedebacle. > And this is not over because cut in interest rates always act with a > delay and more rate cuts may be in the cars with more weakness for the > US Dollar. > > Alterama is a CTA and CPO member of the NFA and registered with the > CFTC. Alterama manages a Fund of Managed Accounts for Qualified > Investors. > > Fore more information, visit Alterama's web sitewww.alterama.com I really don't know... Maybe there might be another crisis... Kinda reminds me of the panics on http://www.banks-implode.com I don't think it's over yet. Can you imagine the amount of CDO's that need to be repriced and appraised... Even the Federal Reserve no longer trusts one of the ratings agencies. The Federal Reserve Board stopped using Fitch Investors Service as a credit rating source. http://www.federalreserve.gov/feeds/cp.html The bankers are saving themselves and setting up a patsy out there. -Frank www.elitism.net Similar Threads Posted complex financial problem September 13, 2006, 4:05 am IB users in PST zone, time change problem March 16, 2007, 3:18 am HWYI Dividend FAQ, $$2-$$$$4 dollar estimated based on 84 million dollar independent valuation November 2, 2006, 12:08 pm Live Cattle, Canadian Dollar, Australian Dollar February 11, 2007, 3:20 pm Ausie Dollar, Euro Dollar, & Canadian June 2, 2006, 12:04 am Canadian Dollar , Euro Dollar, Coffee June 8, 2006, 1:31 am Currency Trading August 18, 2006, 10:48 am Own E-Currency Trading Business July 31, 2007, 7:31 am Forex or Currency Trading September 2, 2007, 3:28 am ALTERAMA currency outlook October 9, 2007, 9:59 pm