phew. defacto devaluation of the currency so we can all enjoy the weekend.
“phew. defacto devaluation of the currency so we can all enjoy the weekend.”
DYX (The dollar index) trading at 104.38, up .90% on the day (and 2.1% for the year.) The dollar’s at its highest level in twenty years.
I’m going to buy an extra egg!…
I predict that the next Fed interest rate change will be up, not down. Government spending is now too large a share of the economy, and expecting inflation to come under control merely by pummeling the private sector while the government continues on its drunken-sailor-spending binge is unrealistic.