Sell American. I Am.

It’s hard to believe that Warren Buffett’s “Buy American” op-ed was more than seven months ago. How time flies!!

Macro Man wonders, however, if some foreign (Chinese, perhaps?) Buffett equivalent hasn’t written a contra piece, entitled “Sell American. I am.” For how else to explain yesterday’s price action, in which the dollar, US equities, and US fixed income all received a good thrashing? usa.gif Well, one way to explain it would actually be noise; after all, yesterday barely registers on the scale of the chart above. Moreover, in thin holiday traffic (Europe on hols yesterday; the US and UK, on Monday), it doesn’t take much to push things.

Still, markets are never afraid to let the facts get in the way of a good story, so it’s worth keeping an eye on the “Sell American” theme…possibly coming to a Bloomberg screen near you!

Originally published at Macro Man and reproduced here with the author’s permission.

2 Responses to "Sell American. I Am."

  1. Guest   June 1, 2009 at 12:31 pm

    Personal income in April 2009 increased 0.5% from March. Real and nominal personal consumption expenditures (PCE) declined 0.1%. Real and nominal disposable personal income (DPI) increased 1.1%. The personal savings rate as a percentage of DPI was 5.7%.Rainy day funds are growing was 4.3%, 1.5 months ago.inflation will help real estate, but i sure hope that the dollar is stable.

  2. Guest   June 1, 2009 at 12:33 pm

    export figures show that they have become aggressive.dollar baby……. yeah the dollar….