Radio Free Wall Street 4/18/2008

Lee Adler and Russ Winter talk about the stock market rally, the ominous potential of the pop in Treasury yields as a signal, and the worldwide hyperinflationary crackup booms in commodities.
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9 comments for “Radio Free Wall Street 4/18/2008

  1. rapier
    April 19, 2008 at 7:36 am

    I was referring to Lee’s comments in the Podcast about the Sheiks. I know it’s just a shorthand way of addressing the issue but it’s always good to consider things more deeply.

    The thing about many oil dollars is that they probably never get converted into local currency. The dollars are deposited as dollars in their own banking system or to offshore banks or institutions without conversion.

  2. April 19, 2008 at 8:31 am

    #6

    Chances are if these USDs come back to the US and show up in Fed custodial holdings, that a FCB has printed up a fair amount of unsterilized local money, no?

  3. Lemur
    April 19, 2008 at 9:33 am

    Russ,

    Listening to the podcast there and what the recent whipsaws have done to your trading style, it sounds a lot like what was happening to me earlier this year.

    Fear based trading caused me to miss large moves and take losses on trades even when I had the direction right. I over analyzed the plays and jumped out of trades at the first sign of a counter move.

    As a result, I took some heavy losses in Feb & March. But, I learnt my lesson. I went back to the drawing board, realized I was not following a trading plan with a backtested verified EDGE.

    I have put one together now. This has helped me get my discipline back and now I am letting the parameters of the trade do the work instead of sweating every counter move.

  4. rapier
    April 20, 2008 at 6:05 am

    #7 Right Russ but nowhere near the percentage of what China does. There it must be most dollars into RNB’s, not just some.

    Still the recycling alone, without the printing at home has huge macro effects.

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