supply & demand.

risk on, sell USD and buy risk assets; risk off, sell risk assets & buy USD. to believe the USD appreciation since the financial crisis was engineered by the US government is to believe that the US government engineered the financial crisis to achieve this.

所有跟帖： 

• “supply & demand”, yes; but whose supply? -halfdummy- ♂ (0 bytes) () 04/03/2012 postreply 07:56:08

• supply has increased (QEs), but not as much as demand, -趙飛燕- ♀ (77 bytes) () 04/03/2012 postreply 08:02:33

• no need for QEs if the US Government -趙飛燕- ♀ (26 bytes) () 04/03/2012 postreply 08:05:40

• Do we need to separate inside and outside? -halfdummy- ♂ (0 bytes) () 04/03/2012 postreply 08:13:47

• you cannot as there's no capital control as in China while -趙飛燕- ♀ (71 bytes) () 04/03/2012 postreply 08:18:39

• strongly disagree: "USD exchange rates are set by the market" -halfdummy- ♂ (0 bytes) () 04/03/2012 postreply 08:24:12

• 應該說這是結算貨幣唯一的悲哀。你同不同意都改變不了。 -趙飛燕- ♀ (127 bytes) () 04/03/2012 postreply 08:32:34

• 好吧，不說我不同意，說我不信 -halfdummy- ♂ (0 bytes) () 04/03/2012 postreply 09:15:04