“I just saw Nassim Taleb in there.”
Dollar Decline To Continue
In a nutshell, the main reason for broad-based Dollar weakness is the persistence of economic imbalances in the US. US economic output remains geared towards non-tradable sectors, while the large current account deficit and the structural decline in manufacturing employment suggests weakness in tradable goods. This situation has several Dollar-negative implications:
* The structural current account deficit causes constant external funding pressures. For the Dollar to stabilise or even to rally, investors need to be convinced of the case for additional long-term investments in the US.
* With unemployment still high, fiscal consolidation looming and continued weakness in the real estate sector, the growth outlook remains less compelling in the US than in many other regions or countries. This makes it even more difficult to fund the current account deficit with investment inflows.
* The cyclical factors discussed in the previous point suggest this it is also highly likely that Fed policy will remain more accommodative than in most other countries. Interest rate differentials will likely remain USD-negative.
* The case for Dollar depreciation will strengthen as fiscal policy becomes increasingly tight in the US. The likelihood of early monetary policy tightening would also decline with tighter fiscal policy, as highlighted by our US economists.
* Structural and EM-related upward pressures on crude prices add to the imbalances. All else equal, real disposable income in the US would decline and, hence, so would domestic demand, adding to cyclical headwinds. Moreover, the rising fuel bill would increase the nominal trade gap and therefore the external funding needs.
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Does this mean less beef in my taco?
Again.
Goldman predicted Euro/Dollar at 1,55 for 2011 in September 2010.
Very nice.
That is a picture of Beardo in dreamland with Stacy…
Time to buy dollars ????
HAARP & Co.
Earthquakes and Weird Atmospheric Phenomena: Which Comes First … The Chicken Or the Egg?
http://www.zerohedge.com/article/earthquakes-and-weird-atmospheric-phenomena-which-comes-first-chicken-or-egg
Hey. In french we call this part of anatomy ‘une chatte’.
LOL Très comique !
And ‘chatte’ is a cat ! Chat male cat. Chatte female cat. He looks a lot like my cat.
F. William Engdahl – Great Wall St. Goldman Sachs & Co betting on yuan
12-May-11
NWO
http://www.youtube.com/watch?v=XcKumOZzGLU
US Can No Longer Control The World Through Military Might
27-Apr-11
GLOBAL FOCUS series – US
http://www.youtube.com/watch?v=gNUcWcs2UQg&NR=1
Talking about Economic Might , Financial Soundness.
Strange talking about it now, it’s already history .
Global Systemic Crisis – Confirmation of a Major Alert for the second half of 2011 – Explosive fusion of world geopolitical dislocation and the global economic and financial crisis
http://www.leap2020.eu/GEAB-N-55-is-available-Global-systemic-crisis-Confirmation-of-a-Major-Alert-for-the-second-half-of-2011-Explosive_a6520.html
Any hope for significant and lasting global economic recovery has now evaporated (1) whilst the Western pillar’s indebtedness, especially the US, has reached a critical level unparalleled in modern history (2).
The catalyst for this explosive fusion will obviously be the international monetary system, or rather international monetary chaos which has been further exacerbated since the disaster that struck Japan last March and in front of the inability of the United States to face the requirement for an immediate and significant reduction of its huge deficits.
The end of QE2, the symbol of and factor in the explosive fusion now underway, represents the end of an era, that where the “US Dollar was the currency of the United States and the rest of the world’s problem”: from July 2011, the US Dollar will openly become the main threat weighing on the rest of the world and the United States’ crucial problem (3).
Summer 2011 will confirm that the US Federal Reserve has lost its bet: the U.S. economy has, in fact, never left the “Very Great Depression” (4) which it entered in 2008 despite the trillions of dollars injected (5), as the vast majority of Americans are perfectly aware of (6). Unable to launch a QE3 (even unofficially through its Primary Dealers as it used to do until the world became too closely interested in the US Treasury Bond market), the Fed will helplessly watch interest rates rise, US government deficit costs explode, the world dive into an intensified economic recession, stock exchange collapse and the US dollar show erratic behavior, making short-term saw-tooth movements, depending on the influence of these events, before suddenly losing 30% of its value as we anticipated in the last issue (7).
And the US side is completely in dreamland: whilst the country has reached unsustainable levels of debt, the leaders in Washington have made this topic an election issue, as illustrated by the question of the Federal debt ceiling which will be reached on May 16 (19). Comparisons abound in the US and international financial press with the Clinton years where a similar problem had arisen without major consequences. Obviously a sizeable part of the US elite and financiers haven’t yet taken on board the fact that, unlike the 90s, the United States today is seen as the “sick man of the world” (20), in which any sign of weakness or serious inconsistency can trigger uncontrolled panic.
Crazy central bankers, world leaders without a roadmap, economies at risk, inflation rising, currencies in trouble, frenzied commodities, uncontrolled Western debt, unemployment at its highest, stressed societies … there’s no doubt, the explosive fusion of all these events will really be the memorable event of the second half of 2011!
@ mirror
Yeah, the big Chinese Yuan appreciation. It will come sooner or later. If you have the right timing you´ll get awefully rich. If someone here has more info please let us know. Don´t they talk in de noodle house about it, Jimmy?
ok… I’ll state the obvious…. pardon the lack of wit….
“what a beautiful pussy”
@Wolferl .. so you work for GS !!
Goldman Downgrades The USD
http://www.zerohedge.com/article/goldman-downgrades-usd
Only thing is, the Leap team thinks the dollar ‘only’ sinks by 30%. I’ll bet it’s a lot more than that…
@ wolferl
“clever girl clarice”…. Sie sind ein Wolf….aren’t you?
In the meantime, they’re starting to tell us in the UK that buying a house might not be such a good idea after all. LOLz!!!!
http://uk.finance.yahoo.com/news/Buying-house-throwing-money-yahoofinanceuk-1666051309.html
Great use of lighting, shades,tone values,subject material. Oh, buy silver.
@ Mirror
Hahaha, yeah, i´m the goldman watchdog on keiser.com.
@ Jimmy
I´m not a Wolf, i´m a Wolferl.
I like pussy cats. Remember when Goldman speaks or leak or press releases that is for the suckers. Either way fiat wise one effects the other their comingled as we seen in the little peek we got of who the Fed Tarp money went to.
http://www.youtube.com/watch?v=rGaRtqrlGy8
not disco
whats her name has one of those hairless cats…..
i miss my cat.she died last week.
her name was lucy.
she was with me for more than twelve years.
i am heartbroken.
i would give all my silver to get her back.
Hmmm… that must be what they are referring to when they say the old adage: “Don’t beat about the bush”?!
But you know what, Max, you really shouldn’t exploit Stacy like that. That’s not nice of you. At least move the cat!!
@Grisu. sorry. you will get a new cat soon.
I get it.
Accuse Goldman of wrongdoing, Goldman makes threats against the dollar.
Slap Goldman on the wrists, Goldman will praise the dollar.
thank you rawnrawn
First Dominique-Strauss Kahn, now billionaire and silver bull Hugo Salinas Price is fearful that something will happen to him next:
http://thesilvergoldhedge.blogspot.com/2011/05/billionaire-hugo-salinas-price.html
Did the earth move for you Mirror?
@ Grisu
I´m so sorry …
but try to look at it as “Lucy in the sky .. with diamonds” … now
there will be a little sparkle from up above just for you, whenever you look up into a starry night ……
@Grisu,
My condolences about your cat.
If that is Stacy, I am pleased to see no tattoos.
Chile, you doan never mar your skin, ya hear?
Nice Cat
Goldman is pulling a fast one. They want to accumulate a few billion dollars and short foreign currencies. Markets to not go in any direction in a straight line and Goldman knows it. Traders everywhere are bearish the dollar, so Goldman is giving them what they want, a short dollar position. The dollar will rally of a while, the dollar shorts get squeezed, and Goldman rakes in some serious coin. The dollar bears get dejected, and they cover their short dollar position just in time for the dollar to collapse.
@Grisu
RIP Lucy
I love pussy cats
q:”In a nutshell, ” Should have said “Allergy warning this post may contain traces of nuts.”
Goldman Downgrades US$ ?????
Who is running this show? I can see it now on the killing floor tomorrow. Heh ehheh heh, those crazy Yanks (sepo’s) Now G&S think they own the place, Dont they have laws over there ?
In a nutshell this will hurt the US$ for so many reasons.
Go long … peanut butter.
@Grisu
I’m sorry to hear about your cat. I can relate. Take care.
Morning troops
Personally, I prefer bald cats!.
OK! so I know I’m gonna get it in the neck from some of you……..LOL
My SLA T-shirt at last ready for collection on Friday……….Z
P.S. will be interesting once have T-shirt whether it generates any interest and discussion and promotion opportunities??…………….Z
Too bad it wasn’t Stacy:)
Hey Max, you mentioned during your interview with Pierre Jovanovic last week that the USA is the most degrading country toward women, and I was happily surprised to hear such a comment. But this photo!? Come on! Sad to see that you bring yourself to this level and that too many of your readers write about Stacy as if she were a piece of ass. She is too good for all of you! It is a sad day indeed at maxkeiser.com, but maybe it is just another at the old boys’ club. Good luck Stacy! You really hold your own, lady, and I know how it is to be treated as a sex object publicly by your peers when one becomes successful. Sad indeed! Nonetheless, cheers!
and the rest of us are death objects to the PTB
Goldman always makes me think of the song “Backstabbers” by the OJ,S
http://www.youtube.com/watch?v=a6FLa_F85VQ
I think Stacy is smart,attractive,funny,cute and that makes her sexy to the opposite sex.I also think she can handle herself and any problem she has with Max.
Like maybe use the “edit function” ?
If you are so successful and being treated poorly………..leave. You must have the means !
Hole-in-one, Rob (no pun intended, of course). Well put!
@vonda,fbeard,henrykrinkle,SAO,rawnrawn
thank you so much for your kind words.
i send you all hugs and kisses and the wish
that your loved ones (humans or pets)
shall be with you for a long time.
Three Wet Pussies Pic
- Firstly; great photo (as in composition — credit to the original photographer)
- no sure if it’s a great or or somewhat trashy use for this article however ….
…. but the caption definitely made me LOL (nice one Max)
@ Grisu
I miss my cat as well. Almost every day.
She was irreplaceable to me too
(I also believe my own was murdered to get to me for ‘something’, but please don’t ask me about that
But you definably have my empathy in regards to your own situation there.
@Majestic
Sorry to hear about your cat and thanks for your empathy.
I am almost embarrassed to mourn more for her than for some relatives,
but then again no one else in my family purred.
@youri,
That one on the left is scary looking.
@ Grisu
Cheers for the return thoughts (and of course fellow commiserations)
Re: > “I am almost embarrassed to mourn more for her than for some relatives”
I have the same problem too!!!
It leaves me feeling really ‘guilty’ emotionally as well!!
But unlike some humans, she was genuinely ‘guileless;’ And loving. And I can tell you some beautiful heartwarming stories about her.
But you know, these threads. they’d never get read anyway.
Cheers to you for replying to me, and I that hope things get better for you is all I can offer from some random stranger on the other side of the world.