Re: Why will the dollar rally?
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who made the bad bet in your opinion? i'm betting for goldman sachs not posting 1 Q of negative earnings from now till end '08.
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Even though you didn't ask me you made the best bet. Like taking candy from a baby.
Jimbo
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yea i was pretty sure about that. goldman is a powerhouse.
i'm less sure about the gold bet i made w/ gonebroke2. i'm already out some loot to mr.now on gold (owed to him on december 18th i think)
i bet that gold wouldn't hit $1k between now and july 2008 (or june i forget which).
bad things: 1) uncertain environment, 2) inflationary pressures, 3) increasingly pension funds are allocating $ to gold
good things for me: 1) not more than 1 or 2 25bp cuts coming in the next year in all likelihood.
a run up to 1k would be huge and i'm still ok w/ my bet but far less so than the goldman bet.
Barron
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