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The U.S. Economy After the Bailout

You contradict yourself by predicting continued global economic weakness, but higher commodity prices. Doesn't seem to reason that with the demand destruction caused by weak economies that these consumerables could rise. And secondly currencies are a question of relatives, all that needs to happen for the USD to continue to rebound is for the US economy to be not as bad as Eurozone and East Asia. I think it's perfectly plausible that the US economy is 6 months earlier in this cycle and will come out of it before the rest of the world. That bodes well for the dollar in my estimation. In a flight to safety the dollar/treasuries will certainly benefit.