Thursday, November 4, 2010

Court Jester Dollar - Debase to Inflate

Just a little US Dollar action this morning to get it started:

Some pairs:

pair pictures:


Bottom line:  This response should not surprise anyone.  The QE announcement (just the thought or concept of QE actually) had a two-pronged goal:  Supersize liquidity in a market that needed none (ie, buy the Treasury product to keep rates low) and to lower the currency to help increase exports.  IMHO neither of these are going to accomplish the stated objective to reduce unemployment.

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A student of the markets that has held portfolio management, analysis and trading positions for over 15 years.