Investors are long commodities as a placement AGAINST the value of the USD, and banks and governments around the world borrow in USD. Germany and Austria have recently issued debt that is USD denominated, and they were soon immitated by...Venezuela. That to me is a sign the short-USD trade is ripe for a reversal, when basically even the biggest idiot in the house is short.
Wednesday, September 30, 2009
The Big Idiots are Short the Dollar
On the heels of our recent post where we turned short-term bullish on the dollar, Nic Lenoir of ICAP points out:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment