U.S. dollar will "get a lot stronger than anyone can imagine"

Yahoo Finance ^ | 11/14/2014 | Joanna Campione

[Minsc]

The U.S. dollar is on a roll. The dollar index, which measures its value versus a basket of other world currencies, is at a four-year high. John Mauldin, best-selling author and chairman of Mauldin Economics says, get used to it. Mauldin believes the dollar is going to keep rising and “get a lot stronger than anyone can imagine.” He says, “We are going to be trading stronger against nearly every currency.“ In other parts of the world, currencies are slipping as the U.S. dollar strengthens. Central banks in Europe and Japan are shifting policies to fight slowing growth and fend off deflation. Last month, the Bank of Japan boosted its quantitative easing strategy, and the yen fell to a seven-year low against the dollar on the news. The European Central Bank is expected to start its own QE program. More at the link...

[Sawdring]

I saw this on Drudge today: Weather, tight supplies drive U.S. cattle prices to new high.

[1010RD]

LOL. I remember those guys. Who want’s to buy a dollar for fifty cents? It’s hard to beat America.

[1010RD]

Good comments here as well. The secret is that in a market economy high prices cure themselves. In a market economy the consumer is king.

[SunkenCiv]

...is at a four-year high... currencies are slipping as the U.S. dollar strengthens. Central banks in Europe and Japan are shifting policies to fight slowing growth and fend off deflation. Last month, the Bank of Japan boosted its quantitative easing strategy, and the yen fell to a seven-year low against the dollar on the news. The European Central Bank is expected to start its own QE program.

Thanks and well said, Minsc:

Calling all tin foil hat members that were warning that the US dollar would be removed as the international trading currency, which would in turn cause a massive unprecedented depression. How's that working out for you?

[SunkenCiv]

/bingo