And I wouldn't agree with Bailey's contention that there is a "consensus" that the dollar is toast.
However, the view does seem to have more adherents than before. Some of the "don't worry be happy" CNBC crowd who used to seem to think that ludicrous claims by economic officials that we have a "strong dollar policy" constituted an actual "strong dollar policy". Some of those commentators seem to have snapped out of their stupor.
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And I wouldn't agree with Bailey's contention that there is a "consensus" that the dollar is toast.
Dec 02 11:56 am
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All Comments by lance sjogren »The Coming Dollar Deflation [View article]
However, the view does seem to have more adherents than before. Some of the "don't worry be happy" CNBC crowd who used to seem to think that ludicrous claims by economic officials that we have a "strong dollar policy" constituted an actual "strong dollar policy". Some of those commentators seem to have snapped out of their stupor.