Michael Burry Quotes

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.

Chances are the movements of the euro as against the dollar will be relatively moderate.

If you just analyze, historically, the chances of getting two quarters of more than a 5 percent gain in the dollar index, it has happened only two times since the '70s, so it's very rare.

It does not mean of course that the pound here in Britain in your pocket has been devalued .

As treasury secretary, I don't see it as my role commenting on the dollar in short-term movements.

I will maintain the position that, long-term, a strong and dependable dollar is in the best interests of the United States while recognizing that, at times over the long-term, that may not be the case.

We are still keeping, as much as we can to the one million commitment that we made, hoping that at a certain point in time, the headwinds represented by the strength of the yen will be a little bit less strong.

We book our exports forward for more than a year, and so we have a fixed rate. We do not get the spot rate that we see in the market every day.

But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.

For us in England, the relative value of the pound against the dollar, that has a huge impact on how easy it is to get our films made in the U.K.

You've had an extremely weak euro on the foreign exchange markets, you've had a very dubious policy being followed.

After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.

Ultimately, in the long run we need to immunise our system from being overly responsive to fluctuations in the exchange rate; that is, people should, by and large, be reasonably hedged, or they should borrow more in domestic currency rather than foreign currency.

Historically, bad money always drives out good. Accordingly, if a central bank anywhere in the world sets up its currency to be backed by any kind of hard currency, it would cause people all around the world to desire that currency for their savings, rather than dollars.

When financial sectors are small and capital is mobile, floating exchange rates spell massive currency volatility. When a lot of foreign capital flows in, a freely floating exchange rate rises sharply, wreaking havoc for domestic banks and exporters alike.

Since we don't use any type of currency manipulation schemes - we have a floating exchange market - we are very glad to consider any type of process that would stabilize the Mexican peso.

If exporters are looking at various factors which influence the performance, the fluctuating rupee will certainly be a factor.

Rupee fluctuation is not so significant compared with the other currencies. Fluctuations in currencies has been fairly steady. As the finance minister often says, fluctuation is the new normal.

Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more.

Devaluations are never easy.

When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.

What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts.

After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive.

Greece's history in the drachma was an up-and-down history, a roller coaster.

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.