Jim Sinclair has marked up 4 charts of the US dollar here:
The 4 charts are 2 weeks, 6 months, 2 years and 14 years.
More and more, people are starting to realize that the US economy is rolling over hard. From the Financial Times:
"US braces for sharp profits slowdown
By Francesco Guerrera in New York and Eoin Callan in Washington
Published: April 9 2007 20:13 | Last updated: April 9 2007 20:13
US companies are bracing themselves for a sharp fall in profit growth this year, amid rising fears that corporate America’s woes will exacerbate the expected economic slowdown.
Wall Street analysts and economists are warning that the end to a record run of profit increases along with already anaemic business investment by US companies could have serious repercussions on the domestic economy.
Any slackening in the pace of earnings growth could also unsettle equity markets as corporate profits have been one of the key drivers behind the prolonged resilience of US stocks.
“The situation is fairly precarious,” said David Rosenberg, chief North American economist at Merrill Lynch. “The typical chief executive sees a slowing economy and acts accordingly.” "
Post a Comment