Tuesday, January 11, 2011
Last week, Larry Kudlow on his show was touting "King Dollar" because the US dollar was rallying. Below is a long term chart of the dollar. See the little up blip on the right hand side? The teeny, weeny little up move? The miniscule .. Well, you get the idea. This is the strength in the US dollar to which he was referring. This looks like a pauper currency to me. It is playing around 25 year lows. We have a NO Interest Rate policy. We are papering over our debt - which will never get repaid. And people wonder why gold is going up.