Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

[Rajiv]

Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

The dollar may drop to 50 yen next year and eventually lose its role as the global reserve currency, Sumitomo Mitsui Banking Corp.’s chief strategist said, citing trading patterns and a likely double dip in the U.S. economy.

“The U.S. economy will deteriorate into 2011 as the effects of excess consumption and the financial bubble linger,” said Daisuke Uno at Sumitomo Mitsui, a unit of Japan’s third- biggest bank. “The dollar’s fall won’t stop until there’s a change to the global currency system.”

[touchring]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

Retirement is no more. You'll have to get back to work. The baby boomers have been sold out.

[BrianL]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

Whose excesses were they? And who sold them out?

Us post-boomers can't plan well enough for that sort of shenanigans. ;)

[renewable]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

Retirement is no more. You'll have to get back to work. The baby boomers have been sold out.

sold out??? Boomers have lived their lives through the peak of the West's power and wealth. Later generations will have much tougher economic circumstances to live in.

[Dr.No]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

Let's see the dollar break 87 and 81 before we get too excited. We were short the dollar vs. the yen from 101 to 88.7 this year (http://normannfinancial.com/images/2...0090410XJY.png), now long the dollar vs. yen again from just above 90 since yesterday.

[metalman]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

Let's see the dollar break 87 and 81 before we get too excited. We were short the dollar vs. the yen from 101 to 88.7 this year (http://normannfinancial.com/images/2...0090410XJY.png), now long the dollar vs. yen again from just above 90 since yesterday.

just asking... are you paying itulip, inc. for the privilege of advertising your firm on the itulip.com site?

[ricket]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

just asking... are you paying itulip, inc. for the privilege of advertising your firm on the itulip.com site?

Just askin...is a $15-30/month subscription rate worth it every month for the one article that comes out every 3 weeks, while most of the *other* paying members contribute most of the content to the site while moving quoted material from free sites into the pay-per-use 'Select' section?

Just askin...

This site is great, but Id rather pay sporadically and catch up on the 4 articles that have been released instead of paying monthly (or every 3,6,12,24 months). Im sure that other members probably feel the same way that I do. I know youll say "But so much time and effort goes into these articles!" And I would reply yes, that youre probably right. But are these articles worth 1.5-3k each? (assuming there are roughly 100 paying subscribers at any given time)? To me...not so much.

[metalman]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

what's this have to do with my question?

Just askin...is a $15-30/month subscription rate worth it every month for the one article that comes out every 3 weeks, while most of the *other* paying members contribute most of the content to the site while moving quoted material from free sites into the pay-per-use 'Select' section?

really? the members write 10000 word analyzes with dozens of graphs and primary research?

Just askin...

This site is great, but Id rather pay sporadically and catch up on the 4 articles that have been released instead of paying monthly (or every 3,6,12,24 months). Im sure that other members probably feel the same way that I do. I know youll say "But so much time and effort goes into these articles!" And I would reply yes, that youre probably right. But are these articles worth 1.5-3k each? (assuming there are roughly 100 paying subscribers at any given time)? To me...not so much.

um, have you checked subscription rates of equivalent products?

most of us are paying for our subscriptions with 1/100th of the money we didn't lose because we didn't stay in the stock market in 2008, or sell gold at any time since 2001. itulip won't let us, and i don't trust anyone else to tell me when to sell.

and it isn't other members' comments that inform that opinion... it's 11 yrs of track record.

[Dr.No]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

just asking... are you paying itulip, inc. for the privilege of advertising your firm on the itulip.com site?

We don't charge for the analysis on our site.

[metalman]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

We don't charge for the analysis on our site.

not yet...

traffic is hard & costly to generate one's own, isn't it?

[GRG55]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

Just askin...is a $15-30/month subscription rate worth it every month for the one article that comes out every 3 weeks, while most of the *other* paying members contribute most of the content to the site while moving quoted material from free sites into the pay-per-use 'Select' section?

Just askin...

This site is great, but Id rather pay sporadically and catch up on the 4 articles that have been released instead of paying monthly (or every 3,6,12,24 months). Im sure that other members probably feel the same way that I do. I know youll say "But so much time and effort goes into these articles!" And I would reply yes, that youre probably right. But are these articles worth 1.5-3k each? (assuming there are roughly 100 paying subscribers at any given time)? To me...not so much.

That's one thing the rest of the world loves about you Americans...so many of you know the price of everything. And the value of nothing :rolleyes:

Good thing for you it's the land of the free...

[Dr.No]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

not yet...

traffic is hard & costly to generate one's own, isn't it?

Might very likely never charge for it. Our main aim is to maintain the quality and consistency our own trading and investing. Putting up a weekly analysis helps keep us disciplined. Otherwise, it's easy to slack off and miss important market developments from time to time - especially during quiet periods where not much seems to be happening (the present not being one of those).

Feel free to ignore us (is there not an ignore function available?) if reading our views in some way upsets your mental well-being. It will not offend us if you end up doing so.

We have stayed on the right side of the gold and oil market for years without paying very much attention to arguments for whether gold or oil ought to go up or down. We trade in and out of gold via the futures market and ETFs, but do, however, at all times own physical gold in an amount approximately equal to net worth as we consider it a more stable and reliable form of money than paper (we even measure our success in the markets in terms of ounces of gold). All one really needs for successful trading and investing is good chart analysis skills - aside from, obviously, proper risk management and the mental ability to enter and exit positions in accordance with what makes sense (as opposed to decision making based on what one's feelings may be saying - which is often quite the opposite).

[ricket]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

That's one thing the rest of the world loves about you Americans...so many of you know the price of everything. And the value of nothing :rolleyes:

Good thing for you it's the land of the free...

Im just perturbed that me posting a link to a 'free' site gets moved behind the pay per view section. Seems that metalman thinks that anyone linking to content outside that competes with iTulip is off-limits because theyre not 'paying' for advertising. These two situations seem to contradict themselves.

I would argue that the members here contribute substantially (in my mind it is what I associate the most with the concept of 'iTulip') to some of the analysis that EJ provides. The other members, who are not paid for their submissions are providing extra references, challenges to assumptions, etc that are essential to advancing a strong argument. Meanwhile, EJ benefits financially from the community that is created and happens to post good articles every few weeks. But to say theyre worth $3,000 each (math is based on roughly $15-30 month and average 100-200 paying subscribers) is a stretch...

And I hope your comments are sarcastic about my Americanism and what I perceive as value...please let me know if they are not and I will formulate my reply. I do not want to draft my response on assumptions.

[meechpod]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

Needlessly pugnacious remark. Unimpressive. He could be described alternatively, as posting a much needed alternative opinion to the predominant thesis in this community [how about this insight - they've ALREADY been all over the YEN vs. USD trade and are NOW growing skeptical of it's further longevity? How unintelligent is it to ponder that possibility?]. Are you incapable of spotting when a trade (RIDE THAT USD DOWN ALL THE WAY TO HELL, BABY!) has become quite remarkably crowded? Stow the pugnacious comments and permit the opposing thesis to post without such inanities as below. Yeesh. What a frickin bore.

just asking... are you paying itulip, inc. for the privilege of advertising your firm on the itulip.com site?

[cjppjc]

Re: Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

I think you've got something there Leegs.;)