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And There Goes The Dollar As Weimar Rally Resumes

News Link  •  Currencies

And There Goes The Dollar As Weimar Rally Resumes


05-03-2011  •  ZeroHedge.com  
 
The dollar managed to stage another faux-rally to the just above abysmal level of 73.30... for about 3 hours. At last check, the dollar is plunging and everything else is once again surging, meaning all those hoping for some miraculous spike in the USD on expectations that there will be a time when the USD will once again be a flight to safety will have to put their dreams on hold yet again. Remember: state healthcare benefits are 5% funded, so the Weimar rally (in stocks, if not so much the dollar), has to go on or else pensioners will realize there is 5 cents on every benefits dollar owed to them. 
Read Full Story
Reported by Jack Gregson
• •
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Tags: dollar, managed, another, abysmal, dollar, plunging, everything, surging, meaning, hoping, miraculous
       
 
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