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News Link • Currencies
And There Goes The Dollar As Weimar Rally Resumes
05-03-2011
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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.
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Reported by
Jack Gregson
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Tags: dollar, managed, another, abysmal, dollar, plunging, everything, surging, meaning, hoping, miraculous |
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