GaryD

King Dollar Roars Back

This guy picks and chooses his data to say whatever he wants it to say. This is called the "completion backwards principle" and it has been used by pseudo-scientists, fraud artists, alchymists, and hack academics throughout the ages. Here is a dollar chart over a longer time frame:

bp3.blogger.com/_H2DeP...

Like most academics, he probably wants a job at the fed, so he is showing that he is a good little soldier with his posts. He waves his hand over data noise and makes hints about the future. In previous ages he would be reading chicken entrails, or tea leaves, or palms, or conjuring spirits to reveal the future, or...you get the point.

A Surprise in Store for the Dollar?

"Discounters like Wal-Mart (WMT), Costco (COST) and Target (TGT) all reported stronger sales in the month of June as consumers continue to spend their tax rebates. If retail sales remain positive, the US economy may avoid double dipping, which would be a nice surprise for the US dollar."

Are they sending out another welfare cheque?