Originally Posted by
gnaget
I am not saying that it will collapse (and relative to what?), but the USD is clearly over-valued and commodities are cheap. It's very similar to the dotcom days. As we move out of the current cycle then the USD will weaken and the Keynesians at the Fed and politicians will consider this to be good policy because the US becomes more "competitive".
It's not good policy for anyone who likes to travel or buy gas.
Originally Posted by
gnaget
Speaking of collapsing, look at long term chart of USD vs CHF.
Looks like the USD still has a long ways up to go here. It's undervalued according to the 10 year chart.
Originally Posted by
gnaget
These publicized predictions are for the so-called muppets.
Nobody I know is calling for higher oil right now. You might be the only one I know. It's okay to be a contrarian trader but just know it's very easy to be wrong. Don't fight the tape.