{"id":13992,"date":"2012-09-11T21:18:47","date_gmt":"2012-09-12T04:18:47","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=13992"},"modified":"2012-09-11T21:18:47","modified_gmt":"2012-09-12T04:18:47","slug":"monetary-easing-counterfactual-lower-dollar","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/","title":{"rendered":"Monetary Easing, The Counterfactual, And A Lower Dollar In the Balance"},"content":{"rendered":"<p><strong>(This is an excerpt from an article I originally published on Seeking Alpha on September 11, 2012. <a href=\"http:\/\/seekingalpha.com\/article\/855991-monetary-easing-the-counterfactual-and-a-lower-dollar-in-the-balance\" target=\"_blank\">Click here to read the entire piece<\/a>.)<\/strong><\/p>\n<p>Federal Reserve Chairman Ben Bernanke has made the case for further monetary easing simple and straightforward. Unless some miracle happens in the economy to send growth hurtling upward (presidential campaign promises, like <a href=\"http:\/\/money.cnn.com\/2012\/08\/02\/news\/economy\/romney-jobs\/index.htm\" target=\"_blank\">Mitt Romney&#8217;s pledge to generate 12 million jobs in four years<\/a>, do not count!), the Fed will act. I am not going to predict how, when, or why, just that monetary easing in some form will happen. I reiterated the case in &#8220;<a href=\"http:\/\/seekingalpha.com\/article\/843571-little-new-news-from-jackson-hole-but-market-readies-for-action-anyway\" target=\"_blank\">Little New News From Jackson Hole But Market Readies For Action Anyway<\/a>.&#8221; I am reading and hearing critics complain that further easing will not accomplish anything, that it will not generate more growth. However, I think these critics are missing the counterfactual that forms the foundation of the Federal Reserve&#8217;s bias to act. The Federal Reserve is becoming more afraid of what could happen if it does NOT act: long-term unemployment getting longer and eventually undermining the economy to the point of a new recession. If no additional boost to growth happens post-easing, critics will feel vindicated, but they will be neglecting the counterfactual case for the Fed&#8217;s action.<\/p>\n<p>In fact, we KNOW the Federal Reserve does not think it can generate much more economic growth on its own. {snip}<\/p>\n<p>I think fiscal policy is the source of the Fed&#8217;s greatest frustration&#8230;{snip}<\/p>\n<p>Now working in the Fed&#8217;s favor is the recent drop in the dollar (UUP)&#8230;{snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_13996\" aria-describedby=\"caption-attachment-13996\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_DXY0.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_DXY0.png\" alt=\"The dollar index breaks down below its 200DMA and looks headed lower\" title=\"The dollar index breaks down below its 200DMA and looks headed lower\" width=\"500\" height=\"350\" class=\"size-full wp-image-13996\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_DXY0.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_DXY0-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-13996\" class=\"wp-caption-text\">The dollar index breaks down below its 200DMA and looks headed lower<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>{snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_13989\" aria-describedby=\"caption-attachment-13989\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_EURUSD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_EURUSD.png\" alt=\"The euro surges to a near 4-month high\" title=\"The euro surges to a near 4-month high\" width=\"500\" height=\"350\" class=\"size-full wp-image-13989\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_EURUSD.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_EURUSD-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-13989\" class=\"wp-caption-text\">The euro surges to a near 4-month high<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>{snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_14007\" aria-describedby=\"caption-attachment-14007\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_AUDUSD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_AUDUSD.png\" alt=\"Australian dollar rebounds against the U.S. dollar\" title=\"Australian dollar rebounds against the U.S. dollar\" width=\"500\" height=\"350\" class=\"size-full wp-image-14007\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_AUDUSD.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_AUDUSD-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-14007\" class=\"wp-caption-text\">Australian dollar rebounds against the U.S. dollar<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>One of the oddities about the prospects for further monetary easing is that it might come at a time the stock market is doing just fine. {snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_13984\" aria-describedby=\"caption-attachment-13984\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_SP500.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_SP500.png\" alt=\"The S&#038;P 500 pushes to fresh 4+ year highs\" title=\"The S&#038;P 500 pushes to fresh 4+ year highs\" width=\"500\" height=\"350\" class=\"size-full wp-image-13984\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_SP500.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_SP500-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-13984\" class=\"wp-caption-text\">The S&P 500 pushes to fresh 4+ year highs<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>This is not a time to fight the Fed&#8230;{snip}<\/p>\n<p>Be careful out there!<\/p>\n<p><strong>(This is an excerpt from an article I originally published on Seeking Alpha on September 11, 2012. <a href=\"http:\/\/seekingalpha.com\/article\/855991-monetary-easing-the-counterfactual-and-a-lower-dollar-in-the-balance\" target=\"_blank\">Click here to read the entire piece<\/a>.)<\/strong><\/p>\n<p>Full disclosure: short EUR\/USD, long GBP\/USD, long GLD, SLV, and PAAS<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(This is an excerpt from an article I originally published on Seeking Alpha on September 11, 2012. Click here to read the entire piece.) Federal Reserve Chairman Ben Bernanke has made the case for further monetary easing simple and straightforward. Unless some miracle happens in the economy to send growth hurtling upward (presidential campaign promises, &#8230; <a title=\"Monetary Easing, The Counterfactual, And A Lower Dollar In the Balance\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[483,59,58,62,21],"tags":[308,299,376,28,309,115,65,1591],"class_list":["post-13992","post","type-post","status-publish","format-standard","hentry","category-breakdown","category-economy","category-federal-reserve","category-technical-analysis","category-u-s-dollar","tag-audusd","tag-dxy0","tag-eurusd","tag-euro","tag-fxa","tag-monetary-policy","tag-sp-500","tag-u-s-dollar"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Monetary Easing, The Counterfactual, And A Lower Dollar In the Balance - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monetary Easing, The Counterfactual, And A Lower Dollar In the Balance - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I originally published on Seeking Alpha on September 11, 2012. Click here to read the entire piece.) Federal Reserve Chairman Ben Bernanke has made the case for further monetary easing simple and straightforward. Unless some miracle happens in the economy to send growth hurtling upward (presidential campaign promises, ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2012-09-12T04:18:47+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_DXY0.png\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Monetary Easing, The Counterfactual, And A Lower Dollar In the Balance\",\"datePublished\":\"2012-09-12T04:18:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/\"},\"wordCount\":415,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2012\\\/09\\\/120907_DXY0.png\",\"keywords\":[\"AUD\\\/USD\",\"DXY0\",\"EUR\\\/USD\",\"Euro\",\"FXA\",\"monetary policy\",\"S&amp;P 500\",\"U.S. Dollar\"],\"articleSection\":[\"Breakdown\",\"economy\",\"Federal Reserve\",\"Technical Analysis\",\"U.S. Dollar\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/\",\"name\":\"Monetary Easing, The Counterfactual, And A Lower Dollar In the Balance - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2012\\\/09\\\/120907_DXY0.png\",\"datePublished\":\"2012-09-12T04:18:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2012\\\/09\\\/120907_DXY0.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2012\\\/09\\\/120907_DXY0.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/09\\\/11\\\/monetary-easing-counterfactual-lower-dollar\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Monetary Easing, The Counterfactual, And A Lower Dollar In the Balance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Monetary Easing, The Counterfactual, And A Lower Dollar In the Balance - ONE-TWENTY TWO: Trading Financial Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/","og_locale":"en_US","og_type":"article","og_title":"Monetary Easing, The Counterfactual, And A Lower Dollar In the Balance - ONE-TWENTY TWO: Trading Financial Markets","og_description":"(This is an excerpt from an article I originally published on Seeking Alpha on September 11, 2012. Click here to read the entire piece.) Federal Reserve Chairman Ben Bernanke has made the case for further monetary easing simple and straightforward. Unless some miracle happens in the economy to send growth hurtling upward (presidential campaign promises, ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2012-09-12T04:18:47+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_DXY0.png","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"Monetary Easing, The Counterfactual, And A Lower Dollar In the Balance","datePublished":"2012-09-12T04:18:47+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/"},"wordCount":415,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_DXY0.png","keywords":["AUD\/USD","DXY0","EUR\/USD","Euro","FXA","monetary policy","S&amp;P 500","U.S. Dollar"],"articleSection":["Breakdown","economy","Federal Reserve","Technical Analysis","U.S. Dollar"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/","url":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/","name":"Monetary Easing, The Counterfactual, And A Lower Dollar In the Balance - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_DXY0.png","datePublished":"2012-09-12T04:18:47+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_DXY0.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/09\/120907_DXY0.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/11\/monetary-easing-counterfactual-lower-dollar\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"Monetary Easing, The Counterfactual, And A Lower Dollar In the Balance"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/13992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=13992"}],"version-history":[{"count":25,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/13992\/revisions"}],"predecessor-version":[{"id":14051,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/13992\/revisions\/14051"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=13992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=13992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=13992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}