proseadvocate

Why Has the Dollar Rebounded - And When Will It Correct?

I agree that the Dollar is irrationally exhuberant. I can only attribute it to the fact that the world is awash in American citizens' money, which was sold out of foreign investments to offset the losses on US junk. Somebody needs to explore the repatriotization theory by telling us just how many of the US dollars out their are owned by Americans. They typically don't know what they're doing so therefore they sold the babies with the bathwater. Ergo foreign bonds are losing out to US bonds which are losing out, along with all stocks and commodities too. The obvious question is what's wrong with this picture?