Michael L

While Iran Threat Keeps Oil Elevated, U.S. Stocks and Dollar Slip

The world is a high tension place, and what is happening to the dollar?
Spiking sharply higher as uncertainty would have caused it to do in the past? No. It's slipping. Thanks, Ben, for continuing on the same course as the catatonic, sleep-walker who preceded you, Greenspan, and for keeping America on the fast track to third-world status.

Felix Zulauf: 4 Ways to Profit in 2008 - Barron's

I suppose when things look bleakest, those things are about to change. Even so, I don't know what FZ sees in the dollar to cause him to bet long against the pound. Are the Brits in a morass of debt more so than the US? I just can't imagine anyone--government or consumer--as irresponsibly profligate as Americans. American printing presses are sure to be plenty hot churning out greenbacks to pay the ransom for our kids' future. I don't know, maybe across the pond there is a nation where every child's name is Oliver Twist.