Comments on: Monday Morning And All Is A Continuation of Last Week’s Action http://zmansenergybrain.com/2009/06/22/monday-morning-and-all-is-a-continuation-of-last-weeks-action/ oil, gas, stocks, etc... Fri, 18 May 2012 17:42:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: rseidman http://zmansenergybrain.com/2009/06/22/monday-morning-and-all-is-a-continuation-of-last-weeks-action/comment-page-2/#comment-69578 rseidman Tue, 23 Jun 2009 03:09:48 +0000 http://zmansenergybrain.com/?p=5671#comment-69578 Tater: I enjoy your point of view. Thanks. That's a great benefit of this site! Tater: I enjoy your point of view.
Thanks. That’s a great benefit of this site!

]]> By: tater http://zmansenergybrain.com/2009/06/22/monday-morning-and-all-is-a-continuation-of-last-weeks-action/comment-page-2/#comment-69577 tater Mon, 22 Jun 2009 21:24:41 +0000 http://zmansenergybrain.com/?p=5671#comment-69577 Elduque, I don't really pay all that much attention to the dollar from day to day any more. I just believe it to be a joke the way it bounces around from one day to the next. I mean really, what's changed so much from last week to this week about the dollar? Iran is blowing up so now everybody needs the "safety" of the USD? My personal opinion is that the US govt and people have made the obvious choice to hyper-inflate their way out of the mess created from the lack of respect for the business cycle. (We don't need no stinking recession, we've got an election to win!). The Wimpy strategy of "I'll gladly pay you Tuesday for a hamburger today" will come to an end when China decides that it is in their best interest to stop playing nice. (That comes when their middle class has built up its ability to be a consumer). In the meantime we get stagflation. Loads of it. There is no other answer because taking our medicine is completely off the table. Our nation simply is not capable of the thought, much less the act. (At least not yet). As for the semantical arguments about deflation vs. inflation, I'll leave that up to those better schooled in that direction, it doesn't help my trading or my tax burden, so I don't have much use for it. Personally I use a mixed up definition more equatable to the idea of "cost of living" than some esoteric notion of the "value" of the dollar. I believe that it will cost much much more to be a citizen of this country to live at the same standard of living enjoyed just a couple years ago. Maybe POTUS just thinks thinks it's more cool to say green shoots than to use the word malaise, but our present state of affairs sure does seem to be walking like a duck. On the weekly chart I think the dollar has the room to rally all the way to 83 but that would just be noise on the way to levels below 2008's lows by the end of the year. Not one of my stronger areas so take it for what it's worth. Elduque,
I don’t really pay all that much attention to the dollar from day to day any more. I just believe it to be a joke the way it bounces around from one day to the next. I mean really, what’s changed so much from last week to this week about the dollar? Iran is blowing up so now everybody needs the “safety” of the USD?
My personal opinion is that the US govt and people have made the obvious choice to hyper-inflate their way out of the mess created from the lack of respect for the business cycle. (We don’t need no stinking recession, we’ve got an election to win!).
The Wimpy strategy of “I’ll gladly pay you Tuesday for a hamburger today” will come to an end when China decides that it is in their best interest to stop playing nice. (That comes when their middle class has built up its ability to be a consumer). In the meantime we get stagflation. Loads of it. There is no other answer because taking our medicine is completely off the table. Our nation simply is not capable of the thought, much less the act. (At least not yet).
As for the semantical arguments about deflation vs. inflation, I’ll leave that up to those better schooled in that direction, it doesn’t help my trading or my tax burden, so I don’t have much use for it. Personally I use a mixed up definition more equatable to the idea of “cost of living” than some esoteric notion of the “value” of the dollar. I believe that it will cost much much more to be a citizen of this country to live at the same standard of living enjoyed just a couple years ago.
Maybe POTUS just thinks thinks it’s more cool to say green shoots than to use the word malaise, but our present state of affairs sure does seem to be walking like a duck.

On the weekly chart I think the dollar has the room to rally all the way to 83 but that would just be noise on the way to levels below 2008′s lows by the end of the year.
Not one of my stronger areas so take it for what it’s worth.

]]> By: zman http://zmansenergybrain.com/2009/06/22/monday-morning-and-all-is-a-continuation-of-last-weeks-action/comment-page-2/#comment-69576 zman Mon, 22 Jun 2009 19:56:34 +0000 http://zmansenergybrain.com/?p=5671#comment-69576 Closing near the lows. Beerthirty. Closing near the lows. Beerthirty.

]]> By: elduque http://zmansenergybrain.com/2009/06/22/monday-morning-and-all-is-a-continuation-of-last-weeks-action/comment-page-2/#comment-69575 elduque Mon, 22 Jun 2009 19:49:17 +0000 http://zmansenergybrain.com/?p=5671#comment-69575 I am watching the dollar as my main outside market for a read. I believe it is going to go lower and that should help commodities. Tater do you have a read on the dollar? I am watching the dollar as my main outside market for a read. I believe it is going to go lower and that should help commodities.

Tater do you have a read on the dollar?

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