BarrosMetrics Views: Value for Money
Today I am looking at this idea from two different angles.
The first from the trader’s point of view. Education is an important facet of success; and often the courses we like, and those that are likely to be beneficial, tend to be at the upper end of the price range. That’s why it’s a welcome surprise when I find a course that I find useful, and is priced at less than I would pay for dinner here in Hong Kong.
Long time readers know I like Rob Hanna’ newsletter (Quantifiable Edges). Although his style of trading and mine could not be more different, his approach serves to warn me when I being myopic. He has produced the Market Timing Course for US$50.00. The work is excellent and well worth you having a look at. Excellent value for money.
BTW, I receive no financial compensation for recommending the course.
Turning now to another view ‘value for money’……the US$.
I have long viewed FACTA as the possible Black Swan that will down the US stock market. Today, I read an article by Mark Nestmann, “Will the IRS Reschedule the Death of the Dollar?”
His theme of the article: “I can’t think of a better way to scare foreign investors away from the US.
Something I call “FATCA contagion” would be even worse. In this scenario, since they couldn’t be completely certain that foreign recipients are FATCA compliant, US banks might start routinely deducting 30% from international funds transfers – and letting the IRS sort it all out.
You can probably imagine what this might do to the value of the US dollar. It could sink like a stone”.
The reasoning for his conclusion, bears thinking about:
“That’s a big reason China has signed agreements calling for the use of its currency, the yuan, in financial exchanges with numerous major countries including Germany, Russia, and India. Japan and India have signed a currency deal linking their currencies closer together. Saudi Arabia and other oil-producing states in the Middle East plan to end dollar-for-oil exchanges and instead settle deals with a basket of non-U.S. currencies and gold.
All these arrangements, and many more, lessen the world’s dependency on U.S. dollars”