The old saying that you should be careful what you ask for–you just might get it–applies in spades to Helecopter Bernanke’s pressure on China let the Yuan appreciate vs. the Dollar. Washington, D.C. has been throwing its weight around in diplomatic circles, trying to cajole China into “playing fair” and letting their currency float subject [...]
Socialists never learn from failed policies…they always come back and try them again. The first set of stimulus and bailout funds worked so well to jump start the economy that we’re apparently ready to double down and try it again. The problem is…if it worked so well the first time, why are we still talking [...]
I’m tiring of reading all the professional Wall Street analyst types frame the outlook for the USD in terms of risk appetite. That’s the old paradigm. We’re in a new economy that is being “fundamentally transformed,” and the same old assumptions don’t apply. That’s why many pros are having to admit that they are confused [...]