Brazilian newspapers are chortling over the news that the famous
dollar bear, Warren Buffett, has made $100 million by betting on the rise of the Brazilian real against the dollar.
Our Pennsylvania organization began a Million
Dollar Bear campaign, in which retailers donate $1 for every Burke P.
From now on, under the legend "E Pluribus Unum," let the
dollar bear the sign of a frog.
The Edge marked a reunion for Hopkins and Bart, the million-
dollar bear who appeared with the star in one of his early films, Legends of the Fall.
The 9/11 shock, George Bush's fiscal stimulus and the Greenspan Fed's epic monetary easing then set the stage for the
dollar bear market that continued until late 2012, when Shinzo Abe became Prime Minister of Japan and I warned my readers to rethink their entire intellectual paradigm on dollar/yen.
Related Articles:
Dollar Bear Boat Too Full, US Dollar to Face Fed Decision, New Zealand Dollar Strength Hinges Upon Q2 GDP British Pound Falls Despite Rise in UK Rightmove House Prices The British pound remained under considerable pressure against the US dollar and euro at the start of the week, continuing last week's trend.
Summary: The
dollar bear is strong but exhaustion will eventually set in.
If the Fed cuts rates by 25 basis points but strongly hints at the prospects of further cuts in the upcoming months then this should be bearish for the dollar, although the greenback may initially spike higher given the somewhat elevated expectations for a 0.50 per cent cut -- clearly some
dollar bears will be disappointed in this [likely] event.
If not, then it's more likely the US
dollar bears will continue to gain traction, selling off the dollar in favour of other safe-haven assets.
Though there is plenty of event risk out there this week that will give plenty of thought for
dollar bears,' said Ulrich Leuchtmann, an FX strategist at Commerzbank in Frankfurt.
Dollar bears are back The Greenback gasped for air on Thursday with prices temporarily reversing earlier losses after stronger-than-expected U.S.
In light of the less dramatic central bank "divergence", analysts have revised their views on the dollar, with a small minority of
dollar bears, and many dollar bulls revising down their dollar targets, said the report.
