Reader Poll – U.S Attack On Syria

For me it’s pretty simple.

An attack on Syria for “proposed use of chemical weapons” is 100% completely ridiculous, and absolutely out of the question. Let alone the real world implications and ramifications of such actions considering big players like China, Russia and Iran. Let alone that the U.S currently can’t afford to pay its own credit card bill ( so let’s add a “war” to the list).

Curiosity has gotten the better of me this morning ( not to mention sitting here doing “zip” while temporarily “down on the canvas” short USD)

What do you think?

9 Responses

  1. Robert August 29, 2013 / 10:25 am

    USD have been on a crazy run against most other currencies… I remember that you mentioned that you are looking to long USD in sept. Are you still seeing USD weakness to continue?

    • Forex Kong August 29, 2013 / 10:36 am

      “War” certainly can throw a wrench into things can’t it? Not exactly something a person usually “considers” within their daily / weekly analysis right? Gees.

      The volatility in FX markets these days is off the charts, as nearly every single day ( or second day ) trade ideas from the previous day are challenged. USD’s “spike” here makes sense with respect to “true safe haven” type activity during times of global conflict ( as stated USD being the reserve) but for me……….until proven otherwise..I don’t have the “low” in USD yet.

      The kind if decline we are seeing now “in general” should actually gather steam at this point in that…..we are / where about to take out a major area of dollar support / hovering around the 200 MA for days now. It’s not at all unexpected to see volatility here – regardless of Syria chatter.

      A painful day? sure as no one likes seeing trades in the red. A fundamental shift ? Tough to call with “war” on the horizon so…..what’s a trader to do?

      It would be a lil hard to believe I’m a “military strategist” as well – (forex a handful unto itself) so I’m not making a “call” here.

      Short of U.S/Syria creating WW3 and safe haven flows on full blown panic mode move towrds USD – I’m still sitting tight, and looking for further USD downside.

  2. Jworthy August 29, 2013 / 11:15 am

    Thanks for opening the discussion floor, Kong. As for what happens next, who knows…

    One question on the “cost of war” assumption: Is the cost of firing a few hundred cruise missiles at Syrian strongholds that significant, relative to the overall defence budget?

    I just quickly Googled, and defence budget for 2013 is $672B and tactical deployment of a cruise missile is about $1.5M

    Granted this is some pretty rough “back of the envelope research”… but, it seems to me the R&D, building, and maintenance of a high-tech standing army is the expensive part. Now you’re just “leveraging your assets” – so to speak…

    Moving a few ships into positions and a little more “drone fuel” wouldn’t break the bank, would it?

    Hey… on a semi-related note… a conspiracy-theorist-of-a-friend told me yesterday the real reason Libya was invaded was the threat of the “gold dinar” – given your musings about currency and global stability, the idea didn’t sound SO far fetched anymore, heh.

    • Forex Kong August 29, 2013 / 4:39 pm

      Gees man – I’m no military strategist, and have no clue as to the “actual costs”.

      Just looked at it as more of a “fuel to the fire” on the U.S Government spending circus…..of course Americans will find a way to suck it up right?

      Going to war being so “American” n all.

      Bank is already so broke….but what’s blowin off a couple hundred fire crackers at 1.5 mil a pop?

      No biggy. Fair enough.

      • Jworthy August 29, 2013 / 4:45 pm

        Haha that’s what I’m saying!
        At least we get to live in interesting times (have their ever really be boring ones?)

        Happy almost long weekend!

        • Forex Kong August 30, 2013 / 1:45 pm

          Yo J…..

          We are gonna see a pile of amazing things in these next few years man!

          Have a good one yourself!

  3. John Ford August 29, 2013 / 1:08 pm

    Where’s Dick Cheney when you really need him?

    • Forex Kong August 30, 2013 / 1:48 pm

      Actually that’s a great question!

      Where the hell “is” that guy?

  4. Power Corrupts August 29, 2013 / 4:18 pm

    The great rule of conduct for us, in regard to foreign nations, is, in extending our commercial relations, to have with them as little political connection as possible. So far as we have already formed engagements, let them be fulfilled with perfect good faith. Here let us stop. ~George Washington 1796

Leave a Reply