Thursday, October 20, 2016 9:42:47 AM
Interesting viewpoint on the dollar’s demise. I wonder how many people have given any thought to this concept?
There have been articles over the past week noting the flight out of money market funds, primarily due to restricting regulations in times of stress. When you need your dollars most, they will be become unavailable.
“Axel Merk, founder of California-based Merk Investments, said the end of the dollar’s dominance may be unfolding – not because of another currency but rather because of money market funds.”
Furthermore,
in this world, you do things because they’re right, because they’re what’s necessary.
It appears this isn’t so in the Fed’s mind.
They cater to the market wishes, rather than the correct course of action.
“On the topic of the Fed rate hike, Merk said, ‘If the markets have a fit, they’re not going to hike. If the markets are going to have smooth sailing until December, ‘yes,’ we’ll hike,’ Merk said.”
Ol’ Paul Volker must be rolling his eyes and shaking his head right about now!
CIGA Wolfgang Rech
http://www.jsmineset.com/
There have been articles over the past week noting the flight out of money market funds, primarily due to restricting regulations in times of stress. When you need your dollars most, they will be become unavailable.
“Axel Merk, founder of California-based Merk Investments, said the end of the dollar’s dominance may be unfolding – not because of another currency but rather because of money market funds.”
Furthermore,
in this world, you do things because they’re right, because they’re what’s necessary.
It appears this isn’t so in the Fed’s mind.
They cater to the market wishes, rather than the correct course of action.
“On the topic of the Fed rate hike, Merk said, ‘If the markets have a fit, they’re not going to hike. If the markets are going to have smooth sailing until December, ‘yes,’ we’ll hike,’ Merk said.”
Ol’ Paul Volker must be rolling his eyes and shaking his head right about now!
CIGA Wolfgang Rech
http://www.jsmineset.com/
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