President Obama vs Subprime Blogger Investment Challenge – April 13th
Posted on | April 13, 2009 | 4 Comments
On March 22nd, as I watched President Obama laugh and giggle about our economy and then make the statement “the dollar is still strong” I was in disbelief. This interview on 60 Minutes was conducted just days after Ben Bernanke and the Federal Reserve Bank injected over $1 TRILLION into long term treasuries and mortgage backed securities. How can the dollar be strong? That is like calling Richard Simmons straight! The only way for me to truly vent my frustrations was to create a President Obama vs Subprime Blogger investment challenge.
If in fact the dollar is strong, it would be wise to invest in American equities and the United States dollar so that is exactly the road that President Obama will take in the challenge. Since March 22nd, here are his investments returns:
SPY – UP 11.8%
USD – UP 0.8%
While President Obama feels the dollar is strong, I believe the opposite therefore I invested in the commodities etfs of Energy, Precious and Base Metals and Agriculture. Here are my investment returns since March 22nd:
DBA – DOWN 1.4%
DBB – UP 13%
DBE – DOWN 0.5%
DBP – DOWN 6.7%
I will be the first to admit that the president is whipping my rear end thus far; but I will always reiterate “one month a trend does not make.” Don’t worry President Obama, I still have three and a half years to watch the value of the dollar decline as you and your adminstration continue to print dollars hand over fist. I am still quite confident that the dollar will see great declines in the next few years due to YOUR actions.
Stay posted to Subprime Blogger to see the ongoing, up-to-date results of the President Obama vs Subprime Blogger investment challenge.
Tags: dollar decline > Federal Reserve Bank > investment challenge > mortgage backed securities
Comments
4 Responses to “President Obama vs Subprime Blogger Investment Challenge – April 13th”
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May 14th, 2009 @ 8:37 am
Well, difficult to tell the future, but wether the dollar is strong or not depends not only on the american economy, but also on the other economies in the world. And they are also not doing quite well.
But I’ll keep up with your blog to see the results.
May 29th, 2009 @ 2:53 pm
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May 31st, 2009 @ 11:27 am
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July 2nd, 2009 @ 3:22 pm
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