Strategi Nasional Indonesia

Forum Diskusi Strategi Nasional Indonesia

  • April 2009
    S S R K J S M
    « Jan   Jul »
     12345
    6789101112
    13141516171819
    20212223242526
    27282930  
  • Arsip

  • Meta

  • Web Counter

  • RSS Tech News Headlines – Yahoo News

    • ThyssenKrupp secrets stolen in 'massive' cyber attack 8 Desember 2016
      By Eric Auchard and Tom Käckenhoff FRANKFURT (Reuters) - Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the world's largest steel makers, said it had been targeted by attackers located i […]
    • Inmarsat switches to Arianespace for satellite launch after SpaceX delays 8 Desember 2016
      British satellite company Inmarsat will switch to using Arianespace from rival SpaceX to launch a new satellite to provide broadband connectivity to air passengers, it said on Thursday. The S-band satellite had been scheduled to launch with technology billionaire Elon Musk's SpaceX but Inmarsat said setbacks to SpaceX's launch schedule prompted it […]
    • Germany sees increase in Russian propaganda, cyber attacks 8 Desember 2016
      Germany's domestic intelligence agency on Thursday said it had seen a striking increase in Russian propaganda and disinformation campaigns aimed at destabilizing German society, and targeted cyber attacks against political parties. "We see aggressive and increased cyber spying and cyber operations that could potentially endanger German government o […]
    • Russian regulator says had constructive meeting with LinkedIn 8 Desember 2016
      Russia's communications regulator said on Thursday it had a constructive meeting with representatives of LinkedIn Corp., a social networking website it blocked last month over its failure to comply with a data storage law. "The meeting with LinkedIn was constructive. The parties agreed to continue dialogue", Vadim Ampelonsky, a spokesman for t […]
    • German authorities probe VW's Porsche for manipulation software 8 Desember 2016
      Germany is investigating whether Volkswagen's (VW) sportscar brand Porsche used software to disguise exhaust emissions, the country's car industry regulator said on Thursday, in a fresh blow to VW's attempts to move on from a 15 month-old scandal. Germany's Motor Transport Authority, KBA, said it was examining software that can measure th […]
    • Turner will create shows for Snapchat in expanded partnership 7 Desember 2016
      Turner Broadcasting System Inc will create more video content for mobile app Snapchat and collaborate with the social media company on advertising, Turner said on Wednesday, as they expand a partnership to broaden their reach among millennials. TV networks of the Time Warner Inc unit, including TBS and Adult Swim, will create original series exclusively for […]
    • Apple chief Tim Cook picked to give MIT commencement speech 9 Desember 2016
      The Massachusetts Institute of Technology has chosen Apple CEO Tim Cook to deliver its 2017 commencement address. MIT made the announcement on its website Thursday. It says Cook will headline the June ...
    • Microsoft adds an awful new prank to Windows 10 9 Desember 2016
      Apparently, we're now in the era of voice computing. But there's some things that are probably best handled by a keyboard and mouse in the interests of security: your bank details, internet browsing history, and the ability to turn your PC on and off. Microsoft doesn't seem to have got the memo on that last part, as one of Cortana's […]
    • Magic Leap is actually way behind, like we always suspected it was 9 Desember 2016
      Magic Leap CEO Rony Abovitz speaks at the WSJDLive conference last October. Magic Leap’s allegedly revolutionary augmented reality technology may in fact be years away from completion and, as it stands now, is noticeably inferior to Microsoft’s HoloLens headset, according to a report from The Information. The report, which incorporates an interview with Magi […]
    • How Bluetooth 5 Will Make Gadgets Better 9 Desember 2016
      Soon enough, you'll be using devices that will employ Bluetooth 5. Bluetooth 5 could have a profound impact on the way your gadgets work. According to the Bluetooth SIG, Bluetooth 5 has four times the range, twice the speed, and eight times the ability to carry message content between devices compared to previous-generation technologies, like Bluetooth […]
  • Laman

Ramalan Runtuhnya Dollar

Posted by sroestam pada 27 April 2009

Debt Markets

The Coming Dollar Collapse

Matthew Craft

Inflation fears have many predicting a large dollar drop. One Federated portfolio manager is prepared.

2009/04/22

Budget busting government spending, trillions in Treasury debt and the lowest interest rates on record have many worried about inflation and the damage it could inflict on the dollar once the global economy recovers. Ihab Salib, who oversees $3.5 billion in bond funds at Federated Investors in Pittsburgh, has already started laying his bets.

Salib has taken positions in favor of commodity-rich countries and against those whose central banks have taken to cutting rates and buying assets from banks, the tactic known as quantitative easing. That means he has taken a shine to Australia, Venezuela and Brazil, which stand to benefit from a falling dollar through higher commodity prices, and is wary of the United Kingdom and Switzerland. He avoids U.S. dollar assets when he can. One fund carries no dollar exposure at all (see Betting On The Buck).

The knocks against the dollar are rooted in classical economic theory — the Federal Reserve and Treasury have flooded the world with greenbacks. Because the dollar is a reserve currency and because US Treasury debt has virtually no default risk, investors have sucked up as many dollars as the US has been willing to provide. But that’s sidelined money. Eventually international investors are going to want to sell dollars and buy performing assets.

Or, those investors are going to realize that they have too much dollar risk and are going to seek diversity by holding other currencies. This will drive foreign currencies higher against the dollar. As foreign currencies rise, particularly in the emerging markets, resource demand from the developing world, coupled with increased demand from the U.S., could drive commodities prices higher again.

We saw some of this in 2008 though commodities prices were also driven by speculation from highly leveraged hedge funds. This is one of the reasons that commodities prices spiked so sharply and then fell so quickly when the credit crisis hit and hedge funds were forced to sell securities to meet margin requirements as prime brokers forced them to deleverage.

At the moment , governments and central banks in the US are more concerned about deflation as falling demand has brought consumer and commodities prices lower so they’ve cut interest rates and printed money to try and counter the trend.

“When you do that, your currency doesn’t fare very well,” Salib says.

When the recession ends, investors’ willingness to take on risk and look abroad will also push against the dollar and the Japanese Yen, the two safe havens’ currencies. His retail international bond fund has 22% of its assets in Japan, versus 43% for his benchmark. The Japanese Yen hit a 13-year high against the dollar last year when investors rushed to pay off Yen-denominated debt used to pay for purchases elsewhere (see Yen Works Like A Stock Barometer).

Tinggalkan Balasan

Isikan data di bawah atau klik salah satu ikon untuk log in:

Logo WordPress.com

You are commenting using your WordPress.com account. Logout / Ubah )

Gambar Twitter

You are commenting using your Twitter account. Logout / Ubah )

Foto Facebook

You are commenting using your Facebook account. Logout / Ubah )

Foto Google+

You are commenting using your Google+ account. Logout / Ubah )

Connecting to %s

 
%d blogger menyukai ini: