Dollar Tables

24 Sep

You have to start wondering if the folks around the FOMC table are actually talking to one another. Recent comments by Chairman Yellen regarding investor complacency in the face of alleged upcoming rate hikes does not seem to jibe with comments by Fed President Dudley about the recent strength in the U.S. Dollar. Perhaps the reason that investors are so ambivalent about upcoming rate hikes is because they have every reason to be. With all of the dashboard indicators arguing for a rate hike, Mr. Dudley has simply added another gauge to that dashboard. If the Fed is worried about the strength of the U.S. Dollar, they should join the queue as  Japan and the EU are all in a race to debase. The ultimate winner of this race to the bottom will be hard assets with the loser being the last remaining shred of Central Bank credibility. Buy Stuff

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