Niall Ferguson And The Dollar


	Niall Ferguson And The Dollar

merrie

11-10-2009 8:09 PM

74 views

tags:

keynesian multiplier effect, national debt, niall ferguson chimerica, weak dollar

merrie says:

.... into completely unwarranted European market strength. One wonders (or not) why the G-20 is more than happy to perpetuate the daily raping and pillaging of the DXY.

Niall Ferguson discusses US Dollar, Fed Policy Outlook Video: (3:32)

http://www.clipsyndicate.com/video/playlist/8178/1166786

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color:#e5e5e5;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/dfa8dd8b-604f-4f8f-aca1-5ac45e6e5e1d/06E5C7B1-D793-42A9-9FA6-97239E690743/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.zerohedge.com/article/niall-ferguson-and-dollar-margaret-brennan-and-red-dress" href="http://www.zerohedge.com/article/niall-ferguson-and-dollar-margaret-brennan-and-red-dress" style="font-size: 11px;">www.zerohedge.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.zerohedge.com/article/niall-ferguson-and-dollar-margaret-brennan-and-red-dress">Niall's very astute observation that "<EM>Chimerica</EM>," which for all intents and purposes is a megalith sovereign, joined at the hip, and whose existence is predicated on the "non-defection" of the significant other in perpetuity, will continue to shift the pain of adjustment on the "developed world." Some very critical thoughts on why Europe and Japan are more than happy to be on the receiving end of the K-Y in the currency department so long as their markets obtain the benefit of the appreciating S&P. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.zerohedge.com/article/niall-ferguson-and-dollar-margaret-brennan-and-red-dress">One thing many pundits forget is that while the S&P indexed for the drop in the dollar, is flat, global markets, especially the eurozone, follow American equities tick for tick, indexed in domestic currencies (and the impact is magnified when reindexed for the double whammy of capital and currency appreciation). So, in essence, US dollar weakness, in addition to impaling the US middle class courtesy of a 10% loss in dollar purchasing power, is translating</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/06E5C7B1-D793-42A9-9FA6-97239E690743/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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