Comments on: BERNANKE UNDERSCORES GEITHNER’S DOLLAR POLICY http://pragcap.com/bernanke-underscores-geithners-dollar-policy Thu, 24 May 2012 13:14:58 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Henry http://pragcap.com/bernanke-underscores-geithners-dollar-policy/comment-page-1#comment-9127 Henry Wed, 18 Nov 2009 01:51:15 +0000 http://pragcap.com/?p=12932#comment-9127 This is what i found... If the money supply is the same, lots of money in the fed banks...cpi, ppi show no big inflation Falling U.S. Dollar: It's Lack of Demand, Not Rising Supply, Pharo's Dow Says Posted Nov 17, 2009 11:37am EST by Heesun Wee in Investing, Recession, Banking Related: ^gspc, ^dji, dia, spy, uup, udn, tbt When it comes to the collapsing dollar, hedge-fund manager Mark Dow is a contrarian. He doesn't blame the Fed. Those dollar bears that do take aim at Chariman Bernanke are, "right in terms of the direction of the dollar, but for the wrong reason," says Dow, who manages $2.5 billion at the hedge fund Pharo Management. [b]Dow notes the Fed is not tirelessly printing money and debasing the dollar as many think. The Fed balance sheet has remained relatively steady at about $2.1 trillion since October last year.[/b] But wasn't there a big spike leading up to that period and thus overhang? [b]Standing by his thesis, Dow adds the shrinking dollar instead reflects a drop in money demand as the world deleverages and diversifies.[/b] (Next time you're on holiday overseas, see if the cabbie wants greenbacks or their local currency.) Currency diversification didn't happen overnight. Countries gradually have been diversifying their holdings outside the dollar, which is falling back to its weakest international level since the 1960s. Click here for Henry's take on Bernanke's secret plan to raise rates too late. (Faster economic growth and erosion of real value of our debts.) This is what i found…
If the money supply is the same, lots of money in the fed banks…cpi, ppi show no big inflation
Falling U.S. Dollar: It’s Lack of Demand, Not Rising Supply, Pharo’s Dow Says
Posted Nov 17, 2009 11:37am EST by Heesun Wee in Investing, Recession, Banking
Related: ^gspc, ^dji, dia, spy, uup, udn, tbt

When it comes to the collapsing dollar, hedge-fund manager Mark Dow is a contrarian. He doesn’t blame the Fed.

Those dollar bears that do take aim at Chariman Bernanke are, “right in terms of the direction of the dollar, but for the wrong reason,” says Dow, who manages $2.5 billion at the hedge fund Pharo Management.

[b]Dow notes the Fed is not tirelessly printing money and debasing the dollar as many think. The Fed balance sheet has remained relatively steady at about $2.1 trillion since October last year.[/b]

But wasn’t there a big spike leading up to that period and thus overhang?

[b]Standing by his thesis, Dow adds the shrinking dollar instead reflects a drop in money demand as the world deleverages and diversifies.[/b]

(Next time you’re on holiday overseas, see if the cabbie wants greenbacks or their local currency.)

Currency diversification didn’t happen overnight. Countries gradually have been diversifying their holdings outside the dollar, which is falling back to its weakest international level since the 1960s.

Click here for Henry’s take on Bernanke’s secret plan to raise rates too late. (Faster economic growth and erosion of real value of our debts.)

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