“While the stock market has been rising, the U.S. dollar has been sinking. It’s on the verge of breaking major 13-month lows. It’s not far from reversing everything it gained against a sinking euro during the recent European debt crisis. And once those barriers are breached, it could crash to its lowest level in history. But Washington doesn’t care, and few investors seem to give a damn. They celebrate the fact that, in the near term, a falling dollar helps make U.S. exports more competitive overseas. Plus, they like the fact that a dollar decline temporarily drives global investors away from safety and into risky investments, including U.S. stocks.”
Related posts:
U.S. Constitution Created an Empire
Eric Margolis: Why I Keep A Swiss Bayonet On My Desk
Is America A Police State? Marc Victor @ Casey Conference
Catherine Austin Fitts: Coming Clean Beyond the Fiscal Cliff
How has this not led to outright revolution yet?
Who Wants Marijuana To Remain Illegal?
Nigeria’s Moment
Singapore: A Case of Libertarian Orientalism?
Hiroshima: Lincoln's Legacy to Civilians
Hunting for Foreign Real Estate Bargains
Paying Lip Service to Liberty
Did the Government Drive Aaron Swartz to Suicide?
Is The Safety Of The State Really Worth More Than The Truth?
John Hussman: Bearishness Is Strictly For Informed Optimists
Poor Training Of Narcotics Officers Contributes To Culture Of Ignorance