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Ziad's review
Investment Sector: Recreation Submitted by Ziad 
, President & CEO
at Blackhawk Partners, Inc
about 1 year ago Add Tag |
Dollars to the Rescue?
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I hope you will bear with me today, but I just have to VENT!! Have to. Disaster to my right and disaster to my left and none of it is real!! If all the predictions I read did come true, the world would cease to be for the most part. I just have to get my two cents in here today. And thanks in advance for your forbearance.
The dollar's drop is not the "sky is falling" stuff everyone says it is. In fact, this week we finally got the first inkling that the road the dollar has been following is beginning to pay dividends. Did you read that the EU ministers are complaining that the U.S. dollar's fall is hurting their exports and might harm their growth and the U.S. must hike the dollar and quick? Poor babies! Would it make it better if the bad, old U.S. stopped bullying you? Shame on that old U.S.
As the overused saying goes. The decline of the dollar is long overdue and has been, engineered from the start by Bernanke and Co. to finally dish out what has been force-fed to us over the years by all the nations of the world.
Now they know what it feels like to have to compete with a real titan. Finally, the avalanche of wealth that has been roaring out of the U.S. for 25-30 years will be stopped and the flow will begin to reverse. About time, I say! All the lazy, sweatshop robber barons of the world had better take notice.
If you want to sell to the U.S., you better be ready to compete with some of the toughest, hardest dealing, best producers and business people in the world — those home grown right here in the good old U.S.! You see, guys, the playing field, while not yet level, is a whole lot more level than it used to be and the U.S. team is lean, mean, and just aching for a big win!
Yes, yes, I know, a weak dollar will bring big inflation to our shores and a huge sell-off of U.S. bonds and terrible suffering to our people when their retirements dissolve right in from of them.
What year were you born? If all that is so true, why have all the nations that have had remarkably weak money the last 25 years been growing like gang-busters, accumulating huge piles of OUR money on profits from exports? And where is all the inflation that was supposed to flatten them?
Take a close look! The biggest violator of all the weak-money, pre-conceived rules is China. Explain that one. The form of government or level of economic development makes no difference. You just have to be ready to sacrifice and work hard! Look at South Korea if you doubt me on that one!
And don't throw Zimbabwe in my face, either. You don't legislate economic law like they tried to do. If you don't produce, you fail and, yes, then inflation will eat you alive. But, there is no comparison between the U.S. and such a failed economy.
Look at it like this. Europe has had things easy all these years while our dollar was high. Now, they have to finally really compete, and, folks, we ain’t no wusses!! They are facing the big time.
We are the largest single economic entity in the world by far. Take us out of anyone’s economic equation and huge panic bells go off. They need us. Let them sell their T-bonds. They need us far more than we need them in this game of economics. And there will be plenty of buyers of those bonds at prices we can live with to absorb even complete sell-offs.
Oh yes, I hear you. The huge sell-off of bonds in August by all those countries, what about that? Yes, I did notice how interest rates jumped in August. Let’s see. They sold out of fear of the unknown subprime problem. Now, that’s ancient history and the markets are stabilizing — granted, slowly — but they are stabilizing.
Yes, there are still problems, but good minds are not paralyzed by fear. They are attacking the problems. How do I know that they are making headway? All I have to do is open my SUPER CHART at the end of every business day and see that, to get a major market turnaround, the Dow has to drop below Dow 12,882 (as of Oct. 17) for six consecutive weeks or below the S&P 1,388 for six consecutive weeks. Now, if that were to happen, believe me folks, we would be in trouble, real trouble. But, we are over 1,000 Dow points and nearly 160 S&P points from that event.
Right now, at the end of every business day, the Super Chart is telling me that the people that really count, the investors of the WORLD are saying the markets are STILL QUITE WELL, thank you!! And as long as the Super Chart says that, I will hold fast to my predictions of coming through this period with our country and its economic health in great shape.
Well, my thanks for letting me vent a bit today. I usually don't, as you know, but with predicted disaster to my right and predicted disaster to my left, I just had to once again bring up the unfortunate reality that investors just don't agree with those disaster predictions for now.
Can that change? Of course it can. But I go with what is happening, not what might happen. Reality is always my choice when making a business decision, in fact making any decision. How about you?
Do hope your investing week is a good one. Meantime, you keep in touch. I do! See you next week!
In the meantime, your thoughts?
The dollar's drop is not the "sky is falling" stuff everyone says it is. In fact, this week we finally got the first inkling that the road the dollar has been following is beginning to pay dividends. Did you read that the EU ministers are complaining that the U.S. dollar's fall is hurting their exports and might harm their growth and the U.S. must hike the dollar and quick? Poor babies! Would it make it better if the bad, old U.S. stopped bullying you? Shame on that old U.S.
As the overused saying goes. The decline of the dollar is long overdue and has been, engineered from the start by Bernanke and Co. to finally dish out what has been force-fed to us over the years by all the nations of the world.
Now they know what it feels like to have to compete with a real titan. Finally, the avalanche of wealth that has been roaring out of the U.S. for 25-30 years will be stopped and the flow will begin to reverse. About time, I say! All the lazy, sweatshop robber barons of the world had better take notice.
If you want to sell to the U.S., you better be ready to compete with some of the toughest, hardest dealing, best producers and business people in the world — those home grown right here in the good old U.S.! You see, guys, the playing field, while not yet level, is a whole lot more level than it used to be and the U.S. team is lean, mean, and just aching for a big win!
Yes, yes, I know, a weak dollar will bring big inflation to our shores and a huge sell-off of U.S. bonds and terrible suffering to our people when their retirements dissolve right in from of them.
What year were you born? If all that is so true, why have all the nations that have had remarkably weak money the last 25 years been growing like gang-busters, accumulating huge piles of OUR money on profits from exports? And where is all the inflation that was supposed to flatten them?
Take a close look! The biggest violator of all the weak-money, pre-conceived rules is China. Explain that one. The form of government or level of economic development makes no difference. You just have to be ready to sacrifice and work hard! Look at South Korea if you doubt me on that one!
And don't throw Zimbabwe in my face, either. You don't legislate economic law like they tried to do. If you don't produce, you fail and, yes, then inflation will eat you alive. But, there is no comparison between the U.S. and such a failed economy.
Look at it like this. Europe has had things easy all these years while our dollar was high. Now, they have to finally really compete, and, folks, we ain’t no wusses!! They are facing the big time.
We are the largest single economic entity in the world by far. Take us out of anyone’s economic equation and huge panic bells go off. They need us. Let them sell their T-bonds. They need us far more than we need them in this game of economics. And there will be plenty of buyers of those bonds at prices we can live with to absorb even complete sell-offs.
Oh yes, I hear you. The huge sell-off of bonds in August by all those countries, what about that? Yes, I did notice how interest rates jumped in August. Let’s see. They sold out of fear of the unknown subprime problem. Now, that’s ancient history and the markets are stabilizing — granted, slowly — but they are stabilizing.
Yes, there are still problems, but good minds are not paralyzed by fear. They are attacking the problems. How do I know that they are making headway? All I have to do is open my SUPER CHART at the end of every business day and see that, to get a major market turnaround, the Dow has to drop below Dow 12,882 (as of Oct. 17) for six consecutive weeks or below the S&P 1,388 for six consecutive weeks. Now, if that were to happen, believe me folks, we would be in trouble, real trouble. But, we are over 1,000 Dow points and nearly 160 S&P points from that event.
Right now, at the end of every business day, the Super Chart is telling me that the people that really count, the investors of the WORLD are saying the markets are STILL QUITE WELL, thank you!! And as long as the Super Chart says that, I will hold fast to my predictions of coming through this period with our country and its economic health in great shape.
Well, my thanks for letting me vent a bit today. I usually don't, as you know, but with predicted disaster to my right and predicted disaster to my left, I just had to once again bring up the unfortunate reality that investors just don't agree with those disaster predictions for now.
Can that change? Of course it can. But I go with what is happening, not what might happen. Reality is always my choice when making a business decision, in fact making any decision. How about you?
Do hope your investing week is a good one. Meantime, you keep in touch. I do! See you next week!
In the meantime, your thoughts?
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