Up to 98 vs. yen
Up to 1.4 vs. euro
Here lies the fallacy that stimulus is bad for the dollar!
If stimulus results in an improvement in the labor market, that should be good for the dollar and it is!
Those who say stimulus is bad for the dollar WANT to be BEARISH on the dollar all the time, no matter what!
Dollar bears are ideologues. They don't understand the monetary system! They WANT to be BEARISH on the dollar no matter what the facts are!
Dollar bears don't understand...
Dollar bears don't understand ouble entry accounting.
Dollar bears don't understand for every debit there is a credit.
Dollar bears don't understand for every liability there is an asset.
Dollar bears don't understand for every borrrower there is a saver.
Dollar bears don't understand for every dollar of the trade deficit there is a dollar of capital account surplus.
This is the beginning of what could be a secular advance in the dollar. If I am right, gold is going down significantly.
Gold at $400, anyone?