Link to the article.
The US dollar index dropped to a 15 month low on Weds.
"Movements in the options market were also consistent with the Fed's view on the dollar's "orderly" fall".
Timeout. If I am a freshman in college and in getting A's in the 1st semester, then B's in the second, then C's sophomore year and D's the 2nd half of sophomore year. So, the fed would be saying my fall or decline in grades is orderly??? I am on the 1 stop train to F's my junior year and failing out of college entirely by my senior year!
Why can't the fed put on the breaks, take the massive short term pain and put the US back onto the train of strong US dollar?
Joe Public does has not picked up on the falling US dollar. Ex. they had 10k cash in the bank in Jan and stayed in cash. They can not buy as much oil and gold with that 10k cash now as they could have back in Jan. They do not care since they still have 10k cash sitting in the bank and that 10k has not dropped to say 8k.
Thursday, November 26, 2009
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