Msrpaul

Historic Strength for the Dollar

I'm amazed. With the twin trade and budget deficits, we continue to cund current liabilities with long term liabilities. Only because it's the world reserve currency and debts are paid off in such does it gain any strength. Long term, they will devalue it. They always do.

How the Fannie / Freddie Announcement Impacts Forex, M&A

They will buy dollars only because debts need to be paid. The dollar has been ruthlessly abused as a method for the government to confiscate savings and wealth from prudent people. Now the Fed kills foldm as deflation sets in. When everybody except the reckless IB's have been killed, in the name of "protecting the economy", which is code for maintaining the status quo, then the Fed will inflate. I have nothing but utter contempt for the privitisation of profits and socialising of losses. They created the bubbles to avoid reality. Now that people have been caught up in the bubbles seeking a return on their capital, they kill them. My loathing for them grows every day.
The dollar is worth nothing but bathroom functions.