THAT's all the bang Bernanke got for his ... er ... buck?
Holy cow! That didn't last long. Look at this intraday chart of the Dollar Index. If that's all the bang Bernanke can get for his ... er ... buck, the dollar is sicker than even I thought (and that's saying something)!
posted by Mike Larson at
2:08 PM
1 Comments:
Investor's err by focusing too strongly on the dollar's putative weakness -- it needs to fall in relative so the US can escape its liquidity trap (and appropriately charge for the use of its currency as the primary global medium of exchange) -- they should focus instead on what will happen when the process of $USD depreciation reverses. That little "bang" was a shot across the bow; e.g., http://tinyurl.com/yzj7uq7
By
RW, at November 16, 2009 at 8:39 PM
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