…I’d be the richest man in Boston. All day long on CNBC these maroons blame the dollar for everything under the sun. Gold going to a thousand? It’s the dollar! (Despite the fact that the dollar index is up modestly for the week.) Then they cherry pick…EUR/USD can fall three cents, but USD/JPY will drop as well as they sell EUR/JPY and say Ah ha! Weaker dollar…Makes me want to puke…
Here’s a clue folks: The dollar hasn’t moved in months. It fell in the spring and early summer as stocks began their ascent and risk aversion fell, but for weeks we’ve been sharply unchanged, as anyone paying the slightest bit of attention would attest.
