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“It’s Time To Take Off The Dollar Goggles”

Friday, November 25, 2016 16:10
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zerohedge.com / by Tyler Durden / Nov 25, 2016 4:00 PM

It’s time to take off the dollar blinkers, exclaims Bloomberg’s Mark Cudmore, and take stock of what’s really going on in markets.

The dollar has been so strong since the election that it’s clouding the vision of all US-centric observers. Any market decision requires an accurate assessment of the state of play. So apart from the roaring greenback, what are the other themes?

First thing to clear up is that most Asian emerging-market currencies are doing well. Indian rupee is at a record low? Rubbish. That’s only versus the dollar. The rupee is an outperformer since the election, and has rallied 5% on a trade-weighted basis since its year-to-date low in June.

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  • “The rupee is an outperformer since the election, and has rallied 5% on a trade-weighted basis since its year-to-date low in June.”

    Not exactly surprising, the thing is, there is a contradiction (not really) regarding inflated value with the dollar. You cannot possibly make something more valuable be making up more and more shit. So, less rupees, higher worth, more dollar, lower worth. The latent effect of that is gonna be a shocker.

  • Oh remember, modern economics was based on the “disease” labelled as autism. How fucking stupid are people, really?

  • Watching all that derivative shit go crumbling down is probably going to be the most wonderful thing in history.

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