So.... There of course is debate about the deficit vs the dollar.
The real risk is performing poor monetary policy, and making the economic contraction Longer than need be.
and the extended economic contraction doing more damage to the dollar than loose monetary policy.
Smart money policy is dollar bullish...
One is the dog... one is the Tail.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Tuesday, March 31, 2009
The dollar
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