I have to laugh when people heap "praise" on these "analysts". None of these "experts" are ever consistantly right with their predictions. ok they may get the odd one right, but then that's just the law of averages. After all even a broken clock is right twice a day. No-one, and I mean no-one, knows what will happen in the future, they are ALL guessing. They move the goal posts every time their predictions don't come true and they always have something to sell. You have to ask if they really knew what was going on, why tell the world?. If you want to make a fortune, you keep quiet about it, and scoop up pots of money. And before someone says, they are doing it for the "good of the world" or they are philanthropists etc, you have to remember if that was true then why are they trying to peddle their info for financial gain. If you want to believe experts like Rickard, then that is your perogative. Some of us have more sense than that. We also don't believe in the Tooth Fairy, the Easter Bunny or Santa Claus. Although those three know as much about the future than these SHTF guru's that people like to believe in.
I came from a poor neighbourhood. It wasn' that the tooth fairy didn't exist....it was more to do with the fact that they were the only ones that had any money and would normally be mugged before they made it to my house.
Calm down gumby.....I explicitly stated that some of these guys are never always right....but if you follow the overall theme, you'll see theyre saying the same things on the same issues which are coming true eg endless QE, crashes, gold rigging, wars to keep US hegenomy, etc.....But no, you know better than these guys....you have 'more sense than that' lol....ffs, these guys are pro-PM, so save your warrior attitude and angst for the other side, ie MSM /fed/CB/scum elites, us gubberment.
US dollar sits on multiyear highs. Euro sits on multiyear lows. What does a high price mean? Lotsa purchased, few sold. What does a low price mean? Few purchased, lotsa sold. Yet, people keep on claiming that everybody including garfield dumped US dollars. The exchange rates say that it's the opposite, the euro got dumped. And multiyear highs and lows typically prelude a bigger cycle reverse. Maybe the why of all the scare mongering these days? The last suckers selling low. The last suckers buying high. Or is it the cash is king period, and they didnt buy back in yet, and they want others to not do it now?
in a currency wars, we just need to consider the costs. how much is being spent to crash the Ruble ? It sure cost much more money than the money being spent to support it. we see the result, all time low. so Rus corporations used their overseas income to convert out of the USD into the local currency on the cheap!!! wow, there are winners in a suppressed market. sorry for those who got crushed in between
Still, what sits at a longterm high has a tendency to drop big, so in the coming time the claims of today will then become true. Bet that the claims then will say the opposite, that's what's needed to make readers post-getout keep buying/selling in the direction to an profitable sell high/cheapskate buy back in.
If Rus corporations can produce all that is needed domestically at a price Rus people can pay, then the value of the Ruble relative to other currencies gets quite irrelevant. For what it matters, because I don't see much currency war, rather currency cooperation instead. That's just what data shows. And your last sentence also applies the other way: how much Western corporations do have a Rus based income? Those suffer equally, for ex here in the EU the politicians compensated (read: money from net-taxed people) the fruit sector the entire cost of their surplus production. The production surplus was DestroyeD. Stories like these have two ends, and a reduction of the degree of division of labor, usually means ALL sides losing, and even more on the State-sponsoring.... with other peoples money. That's what State likes, more people on their dependency-rolls.
