|
Home
Recent Essays
Five Major Themes
- Theme One
- Theme Two
- Theme Three
- Theme Four
- Theme Five
Offerings & Fees
Contact / Ask Us
About Us
Suggested Reading
Schwab Benefits
Map & Location
Financial Links
Ciovacco Capital Management, LLC is an independent money management firm based in Atlanta, Georgia. CCM helps individual investors, large & small; achieve improved investment results via research and globally diversified investment portfolios. Since we are a fee-based firm, our only objective is to help you protect and grow your assets. Our long-term, theme-oriented, buy-and-hold approach allows for portfolio rebalancing from time to time to adjust to new opportunities or changing market conditions.
Stocks
Commodities
China
U.S. Dollar
Real Estate
Financial Plans
Independent Advice
Asset Management
IA Resource
FA Notes
|
Weak Long-Term Outlook For U.S. Dollar
Dollar vs. Gold: You Should Care - Chris Ciovacco - November 2006
From a 2007 Bloomberg article:
Jim Rogers, chairman of Beeland Interests Inc., said he is shifting all his assets out of the dollar and buying Chinese yuan because the Federal Reserve has eroded the value of the U.S. currency. "I'm in the process of -- I hope in the next few months -- getting all of my assets out of U.S. dollars,'' said Rogers, 65, who correctly predicted the commodities rally in 1999. "I'm that pessimistic about what's happening in the U.S...The U.S. dollar is and has been the world's reserve currency, the world's medium of exchange,'' he said. "That's in the process of changing. The pound sterling, which used to be the world's reserve currency, lost 80 percent of its value, top to bottom, as it went through the whole period of losing its status as the world's reserve currency."
View entire Bloomberg article on Rodger's views
"If the US does not take policy steps to reduce its need for external financing before it exhausts the world's central banks willingness to keep adding to their dollar reserves - and if the rest of the world does not take steps to reduce its dependence on an unsustainable expansion in US domestic demand to support its own growth -- the risk of a hard landing for the US and global economy will grow. The basic outlines of a hard landing are easy to envision: a sharp fall in the value of the US dollar, a rapid increase in US long-term interest rates and a sharp fall in the price of a range of risk assets including equities and housing. The asset price adjustment would lead to a severe slowdown in the US, and the fall in US imports associated with the US slowdown and the dollar's fall would lead to a global severe economic slowdown, if not an outright recession."
Roubini & Setser
Links to Articles & Research On The Dollar -OR- GO TO Real Estate Page
|
