tag:blogger.com,1999:blog-6616959642391988608.post3036655539694433119..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Why Bernanke's Jackson Hole speech won't announce QE3Scott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6616959642391988608.post-89827480739246615872011-08-26T10:58:58.639-07:002011-08-26T10:58:58.639-07:00Saying that the euro is worth so much more than th...Saying that the euro is worth so much more than the dollar could be akin to damning with faint praise. The dollar is at its lowest level ever, and falling. Both the euro and the dollar has fallen hugely against gold.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33207704046633849362011-08-26T08:39:46.569-07:002011-08-26T08:39:46.569-07:00Chinese are big buyers of the Euro diversifying th...Chinese are big buyers of the Euro diversifying themselves out of the US dollar.TradingStrategyLetter - Weekly Summaryhttps://www.blogger.com/profile/06430136667577107255noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-25622220626061367272011-08-26T03:14:20.034-07:002011-08-26T03:14:20.034-07:00"If anything is seriously wrong in the world ..."If anything is seriously wrong in the world that needs fixing, it is the problem of sovereign debt".<br /><br />If Europe is such an economic basket case, then why is the Euro worth so much more than the US dollar?Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61900825983718795922011-08-25T19:28:45.736-07:002011-08-25T19:28:45.736-07:00The Fed needs to get agressive--instead, we are be...The Fed needs to get agressive--instead, we are being Japanned.<br /><br />There is a growing group of conservative, Friedmanites calling for nominal GDP targeting. The Fed announces nominal GDP targets, and prints money to hit those targets. See Scott Sumner, David Beckworth, Marcus Nunes. See Friedman's advice to Japan in the 1990s. <br /><br />Waiting for markets to liquify and clear andBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71530530726159439952011-08-25T15:21:29.455-07:002011-08-25T15:21:29.455-07:00Hi Scott, you said that "gold has dropped alm...Hi Scott, you said that "gold has dropped almost 8% from its recent high, but in real terms and over many decades, it is still at very high levels." Actually, the value of gold has not changed much since the late 1940's as gold purchased the same amount of crude oil then as today. Hence, gold values are not "high" per se. Rather, the value of the dollar is down -- way McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.com