Friday, July 2, 2010

And What About the $US Dollar?

It seems the stock market has been riveted  on the issues in Europe for the past 3 weeks and has not yet noticed that our FED has been back at work.  But they will get refocused soon. Perhaps as soon as later today.
The normally inverse relationship between the dollar and stock market has been aborted of late, but not likely to be sustained.  Our FED, unfortunately, is going to fight this bear market with creating as much money out of thin air as it thinks will hold the markets up in this election year.  That means more debt for the US citizens - and we have enough already - and potentially sets the US Dollar in motion as the next currency crisis after the Euro.  
Click on the chart to ENLARGE

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