Bit quiet on my trading front lately, busy with real work mostly and the few times I’ve looked at a trade it hasn’t been quite right.
I just read an interesting interview with an analyst called Stephanie Pomboy talking about the USD with Barrons though I read it courtesy of 1440 Wall Street.
A key quote for me looking at the USD:
If we rely on foreign creditors to lend us the money to sustain our lifestyles—and that’s what we do—we need to compensate them for that risk of lending to us. As the economy weakens and our credit quality should theoretically be deteriorating, the only way we can really attract that same capital is by offering a higher interest rate or making our assets cheaper to them, in this case by having our currency be weaker.
Thanks to 1440 Wall Street for the cool title and excerpts from the interview.
I’m not sure I’ll have a lot more to write about between now and the end of the year (I expect everything to wind down a bit), so I should probably take this opportunity to say I hope you enjoy the break and have a happy and profitable new year.
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