Dollar Pimp

What's Keeping the Dollar Down?

I wish more people understood what was really going on with the dollar (as you've excellently explained). There are serious structural problems with the buck that go far beyond our trade balance and other money flow indicators. Ultimately, it's all about debt.

Would you lend money to a chronically broke friend?

Don't be fooled by the dollar's recent rally. It's ridiculous to think that talking the dollar up, as Bernanke and Paulson have attempted to do, will make a lasting difference. Until we make sweeping changes to government and economy, the currency will remain under pressure.