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Pimco's Paul McCulley calls a bottom in the dollar bear market. But if Bernanke fails to gain...

Pimco's Paul McCulley calls a bottom in the dollar bear market. But if Bernanke fails to gain the Senate's approval, we could see a fresh bout of dollar weakness. (ETFs: UUP, UDN)
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Comments (2)
  • a fat panda
    , contributor
    Comments (806) | Send Message
     
    So if we don't get Bernanke we are going to get someone worse for the dollar? In my mind that is a pretty silly view.

     

    We will get a fresh bout of dollar weakness if the Administration says, "well we didn't get Bernanke, and we never really considered the possibility that he wouldn't get confirmed. So give us a couple of weeks, and in the meantime you can worry that we are going to pick Krugman."
    25 Jan 2010, 12:40 PM Reply Like
  • Elias
    , contributor
    Comments (40) | Send Message
     
    Bernake is dollar positive? Really? Helicopter been and over $1.5 trillion of quantitative easing (money printing) to me is not dollar positive. The policy of handing out a trillion+ in swaps with central banks to bail out institutions who were short dollars when the dollar went through the ceiling also doesn't seem to be dollar positive. The real dollar positive event would be throwing Bernake and his implicit dollar debasement policy out the door.
    25 Jan 2010, 02:28 PM Reply Like
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