Friday , November 15 2024
Home / Video / Sell the dollar? You will lose. It’s not going to crash.

Sell the dollar? You will lose. It’s not going to crash.

Summary:
Unless there is some alternative, which there is not at this time dips in the dollar should be bought. 

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Unless there is some alternative, which there is not at this time dips in the dollar should be bought. 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

23 comments

  1. @cyberpunkalphamale

    Nice shirt. Get on these futures Mike.

  2. "Oils a finite resource" . ….really?😂😂
    The Emporer has no clothes…..

    • @hoshinotanecedryctensaibat9711

      Agreed. I did my homework and went around looking for what oil prospectors have to say about it, and yeah it ain't finite. Just like diamonds ain't rare unless they are big and not white lol

  3. Don’t short. Sell puts

  4. wise words

  5. @johnspielberger518

    Good subjet .

  6. Mike is spot on ….

  7. respectfully i disagree I believe the opposite when rate cuts the brake comes off slowly but heck i cold be wrong. I still enjoy your content Mike we just take what we need and make our assumptions of what we know. I agree with alot of other stuff you mention.

  8. But what about shorting AI?

    • @hoshinotanecedryctensaibat9711

      Just my half noob opinion but from what I understand, what would really pop the AI bubble is the day global regulations come out. Right now it's in discovery phase and govs around the world are letting it be because any restriction would directly impact the markets, and when you look at say the US, only thing that's roaring about the economy is the stock market.

  9. Really good one, Mike. Please continue to harp on this point (dollar (not) going down as a result of its role in foreign exchange). I would like to learn more about this and it will take quite a few videos…

  10. Jim Chanos (the short seller)

  11. Cheers Mike

  12. Yes I agree with you. All this talk about stock market crash, bitcoin to 1 million, dollar collapse, gold & silver going up 1000%, war with China, etc… is all BS click bait. I've been hearing this crap for the past 10 years. It ain't happening. Over the long term the stock market has never gone down and out performs everything. Investing is not for short term gains. It just doesn't work that way. It's always the brokers and the scammers making these outrageous claims in order to take your money.

  13. @hoshinotanecedryctensaibat9711

    Dollar not gonna crash to the ground but considering how easily the US economy and the markets get shaken whenever Japan sells off some of its US assets and how much whining is going on because both Japan and China are slowling down and trimming their US assets purchases, or not buying as much american grains, how much would it really take to see the DXY face plant? Plus euro movements, plus gold, plus whatever the BRICS is gonna come up with. I agree murica ain't gonna drown suddenly but it's obviously hyper sensitive to what the rest of the world is doing, the same way the dollar moves everything else. I get it depends on what "crash" means to you. I've been in Japan for 20y and the dollar/yen has always been roughly 1usd=110yen. During covid we went to 160yen because murica kept printing money and selling bonds, so we're literally paying for US debts and inflation. If the bank of japan decided to take the yen ratio back to pre-covid prices, the USD would have to somehow handle a 30+% drop. That sounds like a decent crash to me.

  14. @pauldandurandboots

    .
    Great points on the BRICS. Finally, someone knows how it works. Thanks, Mike!

    On the fixed-income investment front, something to consider is the Dollar relative to the Euro. Once the ECB starts to aggressively lower their interest rates, the USD to EUR will bounce back up as fixed-income investors decide whether to purchase bonds in the US or in Europe. The question is which foreign currency are we comparing the USD to.

    On a side note about the USD here in the US, many people who follow Bitcoin need to understand that as long as the US Government demands tax payments in USD, then this currency will always be needed in the US no matter what the Bitcoin tribe says or predicts.

    • @michaelkazinsky3725

      BTC tribe no need to push for btc currency. The fact that is the best convenient and secure store of a huge value which can be peer to peer transact is crazy big enough. This should drive a demand…🙏👀

  15. ❤👁

  16. Wait months ago you said you’re the only one saying NO recession? Change up now? Trying to keep up

  17. Are u positioned short or cash? Or holding thru what you describe is market and economy correction; no growth

  18. Mick, you know with interest rates drown, should close to Zero, PMs will be sold off. Front runners know especially in silver.. why are all the gold silver dealers flooding in commercials flooding the their markets with buy now?!!. Dumbos.

  19. Thanks Mike, great video… I'm going to show my friends this video who keep saying that the dollar is doomed! They've all got it in their heads that Bitcoin and gold are going to be the new global reserves within the next 5 years… I was like who told you that? The person selling you the gold by any chance lool

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