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The dollar is officially scarce again, having risen against all 16 of its major peers since late...
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Tuesday, May 29, 2012, 7:57 AM ETThe dollar is officially scarce again, having risen against all 16 of its major peers since late July, putting the dollar index 12% higher than it was when the Fed launched QE in late 2008. New investment guidelines and regulations since the financial crisis leave dollar-denominated securities as one of the few options left as still super-safe.
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Had a applied math teacher in college that didn't believe in "right" answers. All questions was near impossible to answer in an hour with no reference material. He wanted to see your thought process and then graded accordingly. No multiple choice or scalar values as a "right" answer. Hard as hell but diligent students took their C's and D's with pride. Goal was to survive.
$ is higher because € cratered.
So $ is now higher than before any number of things that happened between 2008 and now.
http://bit.ly/K8MCEe
If it was possible the ECB would have head hunted him into their shop.
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