Dollar Wins on Euro, Pound Weakness [View article]
Took a quick look at Barron's Monetary stats, looks pretty grim if you ignore one stat which IMHO is the only one worth anything.
US Debt held by foreigners has increased by about 17% in just the last year. One year, $357 Billion dollars, internally we are fighting deflation, thats a gimme, we are trying to avoid Wealth Destruction but externally, the amount of dollars sloshing around has been rising at an astounding pace.
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Took a quick look at Barron's Monetary stats, looks pretty grim if you ignore one stat which IMHO is the only one worth anything.
Aug 02 16:20 pm
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All Comments by NOWHEREMAN »Dollar Wins on Euro, Pound Weakness [View article]
US Debt held by foreigners has increased by about 17% in just the last year. One year, $357 Billion dollars, internally we are fighting deflation, thats a gimme, we are trying to avoid Wealth Destruction but externally, the amount of dollars sloshing around has been rising at an astounding pace.