renewed dollar devaluation (1).
Jesse's Café Américain Sat 2009-09-19 16:53 EDT
We have been trying to calculate a new lower bound for the dollar decline from the charts. Reason tells us that at some point the dollar decline and economic imbalances may lead to a devaluation of the dollar.
Dollar devaluation; Dollar Long Term Chart; Jesse's Café Américain; Scenarios.
Jesse's Café Américain Sun 2009-09-13 12:21 EDT
There is a strong correlation between this US equity rally and the Fed monetization of debt, which indicates a 'hot money' flow into US stocks but with thin volumes from a significant market bottom. This points to 'technical price trading' by the financial sector, also known was price manipulation, or trading stocks like commodities. Continued heavy insider selling from those with the best forward view of the real economy is a clear sign of a top. No one can trust what the Fed or the Administration are saying about an economic recovery, as much now as ever. Obama's administration is no reform government ...We will not be surprised if there is a significant decline, first to a pullback of about 7 to 10 percent. Then we will see if the market can rally on renewed dollar devaluation and if not, then another major slide to test lower levels.
Approaching Decline; Equities; impressive; Jesse's Café Américain; signed.
