BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: October 11, 2017
Has the Dollar Hit Bottom?
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The Dollar appears to have bottomed. Bubba talks about the relationship between the dollar and commodities. One of the big stories in markets today is Saudi Arabia trying to convince American shale producers to collude on the price of crude. Bubba asks the question: Are investors mentally exhausted?
The FED has been beating the inflation drum for some time now and Bubba is convinced that if the FED would stay out of the way, markets would price themselves and inflation would come naturally. The ECB will be meeting soon and probably extending their quantitative easing program, indicating that the growth numbers are pure BS.
Pension funds are under water around the globe, while the FED has infused almost 5 trillion dollars. Bubba explains that there is no way out of this mess. Puerto Rican debt is now deeply discounted and Bubba feels that the bonds are probably a good buy at these levels.