Ahab

U.S. Dollar Reached a 2.5 Year High Friday: What Does It Mean for the Economy?

This isn't about the world recognizing relative value. It is about hedge fund redemptions, margin calls, repatriation and related short covering and a flight to cash; a disconnect due to FEAR in short that isn't going to be around long enough to translate into re-establishing gross imbalances in terms of trade and consumption with the rest of the world.