dionysos

Dollar Tsunami: The Wave May Be about to Crest

The metaphor works for me: this run up in the dollar is a knee jerk reaction to market turmoil and asset deflation brought on by so much easy credit and the yen carry trade. Once we all wise up that the only answer to this asset deflation is massive inflation, gold and the commodities will rocket up as the dollar falls. We have seen massive injections of money supply over the last month and the dollar rally is going to fail as soon as the trading community realizes this. When a tsunami hits, run for the hills. Im running for gold and commodity stocks.