Skip to comments.Rick Ackerman Thinks the Dollar is Heading to 90--16.Apr.2012
Posted on 04/16/2012 11:23:36 AM PDT by appeal2
Rick Ackerman is a technical analyst par excellent. His hidden pivot system has been right so many times that FSN reviews his work regularly to assess upcoming trends. Right now, hes seeing another uptrend in the dollar and more bad news for Europe. The ECB blew through $1 trillion in a very short time and at this rate what can they do next? The bond markets are being stage-managed by the Fed and the ECB to try to create the appearance of normalcy. But these markets are far from normal! Theres a lot of dark storm clouds on the horizon. So watch out!
Are you wondering how long these markets can continue on their merry way to higher highs and higher lows? While the long term trend may be obvious to most, its in the short term where you lose the money-- as in right now! Rick Ackermans short term calls over the past year have been uncanny. Hell let you know where he thinks the dollar and the Euro are heading now.
Listen to the Interview Here
The US dollar suffers from being the stronger currency when compared to Euro, Yen and even China’s monetary base as everybody worldwide is a debt slave.
Could boil down to who can feed and cloth themselves in the end. A reset usually happens in the dark of the night.
Dollar enjoys a resilient economy that hasn’t outright crashed...yet. Need the Supreme’s decision on O’bummer care to see how fast we tank. No matter the winner of the coming election afterwards it will be more of the same.
Hold some gold and/or silver in case of an emergency.
The Dollar is Heading to “90—16”???
Dollar enjoys a resilient economy that hasnt outright crashed...yet. Need the Supremes decision on Obummer care to see how fast we tank. No matter the winner of the coming election afterwards it will be more of the same.
if the supremes veto obamacare —then the dollar continues higher.
if the pubbies win come november, then the dollar continues higher.
Until it becomes clear that the US has to default on its outstanding debt (could take another decade), the dollar will continue to be the ‘best’ possible out of the ‘worst’ of currencies.
The US can still feed itself along with most of the world and defend itself and carry on wars in far away places, still a powerhouse of the world and still has the largest driving consumer group in the world.
Recent excess natural gas stockpiles makes the US even more resilient in-spite of O’bummer’s policies which Congress can’t muster enough votes to overcome.
It’s fading but most of the world still looks to the US for leadership.
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