The motto these days seems to be: “Is the market open? Then sell dollars!” I say that because the dollar was weak again in the overnight session. The Dollar Index is currently down 12 bps to 76.40, its lowest level going all the way back to last September. The Japanese yen keeps banging away at the 90-and-change area, while gold is up about $9 to $1,016 in response. Nothing like watching Bernanke and crew vaporize the value of our currency. Whee!
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“Our victory is not only a change , but also a revolution”.
The Japanese new political ruler said on TV.
They are radical and hot.
They may uncover hidden extra deficit of Japanese government.
I guess yen is at risk.
Black Swan?
I suspect that Mr. Bernanke hates deflation very much.
It is a normal thing that someone hates particular something.
And every smart guys on Wall street know well about Ben’s taste.
let me change a word ‘recovery’ to ’successfully inflated’.
Every conflicted things happened in the market is now clear.
They are sure that inflation comes soon.
So they buy house , stocks , gold because these are up soon for sure.
Unemployment? They don’t care.
Let me change the word ‘recession is over’ to ‘inflation starts’.
How about ‘glimmers of hope’ to ‘glimmers of hope with high risk’?