Thursday, October 14, 2010

Dollar getting creamed

No wonder the dollar index has slid below .77 in a disorderly market tonight. Central Bankers better get a grip on this - IF they can. What? more in effective intervention? Sadly, most will feel a boot on their neck when the system goes into total haywire mode. More dollar printing is a dollar killer. Raising rates is an instant bank killer. What will the Fed do? Amazing things are unfolding.

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