So many minds have become so polluted by the vapidity of politics that they cannot tell the difference between analysis and advocacy. I used to think that the milkshake was so simple and obvious that it was difficult for some to understand. But the last decade so has convinced me that it is now DELIBERATELY misunderstood primarily to make it easier to attack.
I have been in the FX markets far too long to listen to any of the hysteria that accompanies a 10% move in the dollar in either direction. As I no longer am a desk trader (is anyone anymore?) I simply look at the bigger picture. Thanks for laying this out.
personally, my take is if the Fed does cave in and cut, that will be a short-term negative for the dollar, but I am far more focused on the BBB and the stimulus it will provide. passage should see significant demand for dollars as investment flows toward the states.
So many minds have become so polluted by the vapidity of politics that they cannot tell the difference between analysis and advocacy. I used to think that the milkshake was so simple and obvious that it was difficult for some to understand. But the last decade so has convinced me that it is now DELIBERATELY misunderstood primarily to make it easier to attack.
I have been in the FX markets far too long to listen to any of the hysteria that accompanies a 10% move in the dollar in either direction. As I no longer am a desk trader (is anyone anymore?) I simply look at the bigger picture. Thanks for laying this out.
personally, my take is if the Fed does cave in and cut, that will be a short-term negative for the dollar, but I am far more focused on the BBB and the stimulus it will provide. passage should see significant demand for dollars as investment flows toward the states.